More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
When was the first central bank of sub-continent established:
Choose an answer
1635
1732
1835
1935
Previous
Skip
Next
Question # 2
Bank Provide finance on the basis of Mudarba Act as.
Choose an answer
Aamil
Mudarib
Debtor
None of these
Previous
Skip
Next
Question # 3
Which of the following banks cannot open its new branch without the permission of central bank
Choose an answer
Non-scheduled bank
Scheduled bank
Chartered bank
All of the above
Previous
Skip
Next
Question # 4
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
Previous
Skip
Next
Question # 5
Which of the following gets facility due to commercial letter of credit:
Choose an answer
Home traders
Exporter
Importer
Both exporter and importer
Previous
Skip
Next
Question # 6
Running Finance is also known as.
Choose an answer
Saving Account
Current Account
Overdraft
Fixed Account
Previous
Skip
Next
Question # 7
Long term is advanced against the following security:
Choose an answer
Non-material
Material
Personal
All of the above
Previous
Skip
Next
Question # 8
The current account nd saving account is also called
Choose an answer
Sight deposits
Chequing account
Demand deposits
All of these
Previous
Skip
Next
Question # 9
An organized money market is always.
Choose an answer
Not elastic
Less elastic
More elsastic
Elastic
Previous
Skip
Next
Question # 10
the card which can be used to pay for goods purchased.
Choose an answer
ID card
Credit card
Chrage card
Gurantee card
Previous
Skip
Next
Question # 11
Banking companies ordinace is
Choose an answer
1962
1984
1932
1694
Previous
Skip
Next
Question # 12
The commercial banks provide the following type of loan by discounting the B/E:
Choose an answer
Short term
Medium term
Long term
All of the above
Previous
Skip
Next
Question # 13
What is meant by margin requirement
Choose an answer
To advance loan less than the value of security
To give less amount as interest than the amount of loan
To advance more loan than the value of security
To advance loan equal to the value of security
Previous
Skip
Next
Question # 14
Following is an example of Non-Operating Account.
Choose an answer
Current Account
Fixed Deposit Account
Foreign Currency A/c
Saving Account
Previous
Skip
Next
Question # 15
Crossing of cheque is cancelled by
Choose an answer
Drawer
Drawee
Holder
All of the above
Previous
Skip
Next
Question # 16
Scheduled bank is registered under state bank of Pakistan Act
Choose an answer
1965
1956
1950
None of the above
Previous
Skip
Next
Back