Question # 1

Commercial Bank is a factory of creating credit.

Choose an answer

Crowther

Gilbert

Reynold

H.I.Heart

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

PICIC was established as

Choose an answer

Private company

Limited company

Partnership

None of the above

How many advantages of e banking

Choose an answer

3

4

5

6

The institution responsible for the contraction and expansion of money in the best interest of general public is called:

Choose an answer

Commercial bank

Clearing house

Central bank

Chamber of commerce

In case of inflation in the country, the rate of margin is:

Choose an answer

Increased

Reduced

Waived

All of the above

Which of the following is the valid method of making payment.

Choose an answer

Credit card

pay order

Bank Draft

All of these

The signature of the following is compulsory on B/E:

Choose an answer

Bank

Drawee

Drawer

Both (B) & (C)

The term foreign exchange includes

Choose an answer

Bank draft

Letter of credit

Foreign B/E

All the above

Pledge means loan given against

Choose an answer

Immovable property

Movable property

Botha a and b

None of these

Which is teh secondary function of commercial bank.

Choose an answer

Accepting deposits

Advancing loans

Collection of cheques

All of these

The word credit has been derived from a latin word.

Choose an answer

Credo

Credere

Creditor

None of these

Which bank account is exempted from income tax and zakat:

Choose an answer

Saving account

Fixed deposit

Foreign currency account

All of the above

Which of the following is meant for presenting a summary and balance of accounts of bank customers

Choose an answer

Bank statement

Balance sheet

Pass book

Prospectus

How many benefits of bankers

Choose an answer

4

5

6

7

The main objectives of foreign exchange control are.

Choose an answer

Stablilize exchange rate

Increase Govt.Revenue

Protect domestic industires

All of these

More Classes

Other Links

Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer