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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Drawee of the bank draft is a
Choose an answer
Bank which issues a draft
Bank on which the draft is drawn
Payee of draft
Sender of amount by draft
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Question # 2
Bills of exchange is a negotiable instrument which contains
Choose an answer
A written order
Conditional written order
Unconditional written order
None of the above
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Question # 3
The capital of stat bank of the time of establishment was.
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Rs. 30 millions
Rs. 450 milliions
Rs.300 millions
Rs. 30 billions
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Question # 4
The acceptance of bill with some conditionis called.
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Dishonor acceptance
Documentary acceptance
Qualified acceptance
General acceptance
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Question # 5
The person who opens an account with the bank is called
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Employee of bank
Customer of bank
Account holder of bank
Owner of bank
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Question # 6
The purpose of credit card is.
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Sell goods
Control credit
Purchase goods
None of these
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Question # 7
Which of the following relationships occurs if a customer deposits his money in a bank
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Bank as a debtor and customer as a creditor
Bank as a creditor and customer as a debtor
Bank as an agent and customer as a principle
Bank a modarib and customer as an aamal
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Question # 8
Which of the following changes cause to change in foreign exchange rate
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Change in export and imports
Change in capital flow
Change in bank rate
All the above
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Question # 9
Bills of exchange is a written order which is always
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Conditional
Unconditional
Partially conditional
All of the above
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Question # 10
The main sources of a bank funds are.
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Deposits
Bank own funds
Both a and b
None of these
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Question # 11
Account suitable for business woman.
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Current account
Saving account
Fixed deposite account
All these
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Question # 12
In the presence of cleairng house the use of cash transactions between banks
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Increases
Decreases
Stops
NO effect
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Question # 13
Electronic banking transaction Ordinance is.
Choose an answer
1974
2002
1984
1962
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Question # 14
Paying bank with respect to a letter of credit is called.
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Advising bank
Informatory bank
Both these
None of these
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Question # 15
What is the purpose of using credit card
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To purchases goods and services
To win the prized from banks
To travel abroad
To invest the saving
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Question # 16
If a credit card is lost, what should the holder do.
Choose an answer
Report to employer
Report to bank
Report to insurance co.
All the above
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