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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
According to registration , bank is divided into followings categories:
Choose an answer
Home and foreign bank
Central and commercial bank
Scheduled and non-scheduled bank
All of the above
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Question # 2
Which of the following is used to finance the people who want to travel abroad
Choose an answer
Traveller's letter of credit
Traveller's cheque
Circular note
All the above
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Question # 3
Scheduled banks means a bank which is registered with
Choose an answer
Stock exchange
Central bank
World bank
All of the above
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Question # 4
Scheduled Banks can keep his totl assets outsinde the country.
Choose an answer
80%
60%
40%
20%
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Question # 5
Parties involvedin money order.
Choose an answer
Two
Three
Four
Five
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Question # 6
Cheque is always payable on.
Choose an answer
Phone call
At sight
After banking hour
On demand
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Question # 7
When the demand of any county's currency increses than the rate of exchange becomes.
Choose an answer
Unfavorable
Favorable
Equilibrium
None of these
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Question # 8
The detail in the memorandum of bank is recorded :
Choose an answer
In one paragraph
In seperate paragraphs
On one page
All of the above
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Question # 9
The person who opens an account with the bank is called
Choose an answer
Employee of bank
Customer of bank
Account holder of bank
Owner of bank
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Question # 10
The amount (capital) recieved by bank after issuing shares is called:
Choose an answer
Reserve capital
Paid up capital
Autherized capital
Issued capital
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Question # 11
Who is responsible for loan in case of joint customer:
Choose an answer
All partners of persons
Person having authority to deal with bank
Active partner
None of the above
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Question # 12
The amount of money in the amount of account holder is called:
Choose an answer
Profit
Interest
Deposit
Loan
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Question # 13
Three grace days are given to debtors for payment.
Choose an answer
Bill of exchange
Promissory note
Bank draft
All of these
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Question # 14
Credit cards payment are considered.
Choose an answer
Credit payment
Cash Payment
Both a and b
None of these
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Question # 15
Person who recieves the amount of cheque from bank is called:
Choose an answer
Drawee
Payee
Endorsee
All of the above
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Question # 16
Cheque is a written order drawn on
Choose an answer
Endorsee
Bank
Customer
All of the above
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