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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Evolutionary history of early banks includes.
Choose an answer
Merechnats
Money Lenders
Gold smiths
All these
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Question # 2
The person who opens a bank account is called:
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Owner of bank
Customer of bank
Employee of bank
None of them
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Question # 3
Term "or oreder" is written in order cheque after:
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Drawer's name
Payee's name
Customer's name
Endorsee's name
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Question # 4
In financial crises, the central bank issues loan to
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Non-scheduled bank
Foreign bank
Scheduled bank
All the above
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Question # 5
Account suitbale for business woman.
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Current account
Saving account
Fixed deposit account
None of these
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Question # 6
Current account is suitable for
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Capitalists
Salaried persons
Business community
None of the above
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Question # 7
I Owe You is a written instrument drawn by
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Trader
Debtor
Creditor
All the above
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Question # 8
Example of Non scheduled is
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ABL
AL-Meezan Investment Bank
HBL
NBP
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Question # 9
The facilities provide d by ATM machine includes
Choose an answer
Mini Statement
Transfer funds
Balace inquiry
All of these
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Question # 10
Bills of exchange is a written order which is always
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Conditional
Unconditional
Partially conditional
All of the above
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Question # 11
Present commercial Banks are teh Developed form of the business of.
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Money Lenders
gold smiths
Money changers
Merchants
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Question # 12
Beginning of Bank draft by
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Kings
Money lenders
Merchants
gold smith
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Question # 13
If a credit card is lost, what should the holder do.
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Report to employer
Report to bank
Report to insurance co.
All the above
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Question # 14
The person who will receive the amount of bill of exchange is.
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Debtor
Payee
Drawee
Acceptor
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Question # 15
The market in which funds are borrowed of lent for a period of over one year.
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Money market
Capital market
Open market
None of these
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Question # 16
Which is demanded by a bank at the time of opening new account
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Birth certificate
Source of income
Educational qualification
All of the above
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