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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
A blind person can open account with bank.
Choose an answer
Current account
Fixed deposit account
Saving account
All the above
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Question # 2
Account Suitable for business woman
Choose an answer
Current Account
Saving account
Fixed deposited account
All these
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Question # 3
Bill brokers and discount houses work in.
Choose an answer
Open market
Capital market
Money Market
None of these
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Question # 4
If the rate of interest (profit) on the bank deposits is higher then the banks keep:
Choose an answer
Less cash reserve
Less margin rate
More cash reserve
None of the above
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Question # 5
It is the right of a customer to.
Choose an answer
Draw cheque
Receive pass book
Receive cheque book
All these
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Question # 6
The payment of draft is made on.
Choose an answer
Sight
Demand
By psot
Phone call
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Question # 7
The word credit has been derived from a latin word.
Choose an answer
Credo
Credere
Creditor
None of these
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Question # 8
Thenature of relations between banker and customers is.
Choose an answer
Bailer and Bailee
Agent and principal
Debtor and creditor
All the above
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Question # 9
Which of the following is the valid method of making payment.
Choose an answer
Credit card
pay order
Bank Draft
All of these
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Question # 10
Choose the correct institutions in money market in Pakistan
Choose an answer
State bank of Pakistan
Specialized credit institutions
Commercial banks
All of the above
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Question # 11
Which bank does accept the deposits from public
Choose an answer
Commercial bank
Central bank
Foreign exchange bank
All the above
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Question # 12
Which is demanded by a bank at the time of opening new account
Choose an answer
Birth certificate
Source of income
Educational qualification
All of the above
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Question # 13
When did the National Bank start its functions as the agent of SBP:
Choose an answer
1949
1950
1951
1952
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Question # 14
The numebr of parties in a cheque are.
Choose an answer
Two
Five
Four
Three
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Question # 15
Written instrument by one bank to another bank.
Choose an answer
Bill of exchange
Draft
Bearer cheque
None of these
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Question # 16
Central Bank provide the facility to Scheduled Banks.
Choose an answer
Rediscounting Bills
Clearing House
Transfer of Money
All the above
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