12th Class ICom Part 2 Principles of Banking Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Banking Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	According to registration , bank is divided into followings categories:	Home and foreign bank Central and commercial bank Scheduled and non-scheduled bank All of the above
2	Bank of England was formed in:	1594 1694 1794 1894
3	If a bank is unable to submit prospectus at the time of registration, then it has to submit:	Statement in lieu of prospectus Certificate of incorpoartion Certificate of commencement None of the above
4	According to Sir John Paget, a bank is an institution which :	Accepts the deposits of general public Honours the cheques Advances loan All of the above
5	What type of institution a bank is:	Financial Social Religious All of the above
6	Who started the use of bank draft:	Kings Merchants Money lenders Goldsmiths
7	IDB provides finance to	All countries Asian countries Europian countries Member Muslim Countries
8	The currency unit of the capital of IDB is	Riyal Dollar Dinar None of these
9	IDB was opened on	Oct. 1973 Oct. 1975 Oct. 1977 None of these
10	The head office of IDB is in	Jeddah Islamabad Tehran Dubai
11	PTC are issued in place of	Shares Debentures Bonds None of these
12	Who can issue participation term certificates	Firm Company Cooperative society All the above
13	A Modarba may by for	Specific or multi purpose Perpetual Specific period All the above
14	Trade related Islamic modes of financing do not include	Musharika Mark up Leasing Hire-purchase
15	Qarz-Hasna is available for the studies of	Engineering Agriculture Commerce All the above

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