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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
the loans which cna be demanded back by bank at any time are called.
Choose an answer
Short term loans
Overdrats
Demand loans
Running Finance
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Question # 2
The kind of commercial letter of credit includes.
Choose an answer
Revocable L.C.
Unconditional L.C.
Confirmed L.C.
All of these
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Question # 3
If Central Bank wants to increase the quantity of money in country it.
Choose an answer
Sells securities
Purchase securities
Create Credit
All the above
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Question # 4
The quantitative methods of credit control are in nature.
Choose an answer
General
Selective
Optional
None of these
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Question # 5
Which of the following is not an example of plastic money
Choose an answer
Debit card
ATM card
Currency notes
Credit card
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Question # 6
ATM is used to withdraw money from the
Choose an answer
Branch of bank in which we have the account
Any branch of concerned bank
Other banks
All the above
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Question # 7
Open market operation means.
Choose an answer
Purchase and sale of shares
Purchases and sale of securities
Purchase and sale of assets
None of these
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Question # 8
Riba is the word of following language
Choose an answer
Urdu
Arabic
English
French
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Question # 9
Illiterate person provides to bank for his identification
Choose an answer
Birth certificate
Impression of thumb
Photograph
All the above
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Question # 10
A person who writes the bill is called
Choose an answer
Drawee
Drawer
Payee
Acceptor
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Question # 11
The forms of cash reserve of commercial bank:
Choose an answer
Cash in hand
Reserve with central bank
Recievable from other banks
All of the above
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Question # 12
Which bank account continues after the with drawal of total amount:
Choose an answer
Current saving
Fixed deposit
Saving account
All of the above
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Question # 13
Who started the use of bank draft:
Choose an answer
Kings
Merchants
Money lenders
Goldsmiths
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Question # 14
The following is not used in E-Banking
Choose an answer
Credit card
Debit card
Cheque
All the above
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Question # 15
When cheque is cashed then its main foil is given to:
Choose an answer
Bank
Customer
Government
None of these
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Question # 16
If credit money is controlled by the sale and purchase of government securities, it is called
Choose an answer
Direct action
Moral persuation
Change in reserve ration
Open market operation
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