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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which is the Primary functionof a commercial bank.
Choose an answer
Issue Notes
Accepting Deposits
Credit creation
None of these
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Question # 2
the developed form of red claause L.C. is.
Choose an answer
Revocable L.C.
Green clause L.C.
Unconfirmed L.C.
All of these
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Question # 3
In Paksitan BEL, NIT and ICP are credit institutions.
Choose an answer
Unorganized
Specialized
Non specialized
All these
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Question # 4
Cheque is always crossed by
Choose an answer
Drawer
Drawee
Holder
All of the above
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Question # 5
Who started the use of bank draft:
Choose an answer
Kings
Merchants
Money lenders
Goldsmiths
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Question # 6
Draft drawn and pid in two different parties int he same country is called.
Choose an answer
Foreign draft
Demand draft
Local draft
None of these
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Question # 7
A Joint Stock company opens the account in the bank.
Choose an answer
Saving Bank
Current Account
B.B.A. Account
Term Deposit Account
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Question # 8
Which method or methods are prevailing in Pakistan for issuing notes
Choose an answer
Fixed Fiduciary System
Proportional Reserve System
Both a and b
None of the these
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Question # 9
Inland sight bill of exchange is usually used in.
Choose an answer
Domestic trade
Inter port trade
Foreign trade
None of these
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Question # 10
The loan which is granted by by bank to account holder on temporary basis called
Choose an answer
Cash credit
Overdraft
Demand loan
None of the above
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Question # 11
These thories of foreign exchange rate include.
Choose an answer
Mint par parity theory
Ppurchasing power theory.
Botha a and b
All of these
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Question # 12
State Bank of Pakistan was established on.
Choose an answer
Tuesday Ist July 1948
Wednesday Is July 1948
Thursday Ist July 1948
Friday Ist July 1948
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Question # 13
"EFT" stands for
Choose an answer
Electronic Funds transfer
Economic financial theory
Electronic financial techniques
Effecitve fund telegram
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Question # 14
The documents which present a summary and balance of accounts of an A/C holder in bank.
Choose an answer
Balance sheet
Pass book
Prospectus
Bank Staement
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Question # 15
Saving accounts encourage the habit of saving among
Choose an answer
Low income persons
Investors
Business people
All of the above
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Question # 16
Part of cash of scheduled banks kept by centrla bank as per law is called.
Choose an answer
Specific reserves
Satutory reserves
Gneral Reserves
All the above
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