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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The loans which are issued for the period of one to five year called
Choose an answer
Demand loans
Short term loans
Medium term loans
Long term loans
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Question # 2
Which is teh secondary function of commercial bank.
Choose an answer
Accepting deposits
Advancing loans
Collection of cheques
All of these
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Question # 3
Deposits create
Choose an answer
Inflation
Loan
Monopoly
All the above
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Question # 4
The following is not used in E-Banking
Choose an answer
Credit card
Debit card
Cheque
All the above
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Question # 5
Running Finance is also known as.
Choose an answer
Saving Account
Current Account
Overdraft
Fixed Account
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Question # 6
Centrak Bank Act as Lender of Last Resort to.
Choose an answer
Scheduled Bank
Foreign Bank
Non-Sheduled bank
All the above
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Question # 7
Over draft facility is provided only on.
Choose an answer
Saving Account
Fixed Deposit Account
Current Account
All the above
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Question # 8
Which document does reveal the internal affairs of a bank
Choose an answer
Memorandum of bank
Articles of bank
Certificate of incorporation
Prospectus
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Question # 9
When two or more persons open an account under a single title is called.
Choose an answer
Joint Account
Single title account
B.B.A. Account
None of these
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Question # 10
Example of Non scheduled is
Choose an answer
ABL
AL-Meezan Investment Bank
HBL
NBP
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Question # 11
Documents required to conert non scheduled bank into scheduled bank.
Choose an answer
Memorandum of Association
Articles of Association
Audited Annual Report
All the above
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Question # 12
Which of the following customers does not have more rights on bank:
Choose an answer
Individual customer
Joint customer
Minor customer
All have the same
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Question # 13
The document by which the people are invited to buy the shares of bank is called
Choose an answer
Memorandum of bank
Articles of bank
Certificate of incorporation
Prospectus of bank
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Question # 14
The loan which can be demanded at any time are called
Choose an answer
Short term loans
Demand loans
Overdraft
All the above
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Question # 15
Account payee only in the transverse parallel line.
Choose an answer
Bearer cheque
Special crossing
General crossing
None of these
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Question # 16
The advantages of E-Banking are.
Choose an answer
Time saving
No need to carry cash
Facility of BACS
All of these
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