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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
the loans which cna be demanded back by bank at any time are called.
Choose an answer
Short term loans
Overdrats
Demand loans
Running Finance
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Question # 2
Account Suitable for businessmen
Choose an answer
Saving account
Fixed Account
PLS account
Current Account
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Question # 3
The method which is mostly use in making foreign payments are.
Choose an answer
Telegraphic transfer
Foreign bill of exchange
By post
All of these
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Question # 4
The higer the cash reserve ratio.
Choose an answer
Credit creation zero
Credit creation constant
Higher the credit creation
Lower the credit creation
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Question # 5
In Pakistan, the interest free modes of financing have been divided into
Choose an answer
Two groups
Three groups
Four groups
None of these
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Question # 6
Formula for calculating total credit creation:
Choose an answer
New deposit x 1/Reserve ratio
New deposit x Reserve ratio/1
Reserve ratio x 1/New deposit
None of the above
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Question # 7
Pay-in-slip is a written evidence of:
Choose an answer
Transferring money
Depositing money
With draw money
All of the above
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Question # 8
Banking companies ordinace is
Choose an answer
1962
1984
1932
1694
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Question # 9
Non- Scheduled banks are formed under co-opeative society Act.
Choose an answer
1932
1925
1984
1911
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Question # 10
IDB was opened on
Choose an answer
Oct. 1973
Oct. 1975
Oct. 1977
None of these
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Question # 11
What is the major reason of Pakistan's unorganized money market
Choose an answer
Lack of cooperation among financial institutions
Absence of democracy
Issuance of loan on political basis
All the above
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Question # 12
Manage the internal affairs of Bank.
Choose an answer
Prospectus
Memorandum
Articles
All of these
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Question # 13
The principle of note issue are.
Choose an answer
Currency Principles
Banking Principles
Both a and b
None of these
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Question # 14
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 # 15
Which of the following can be cancelled by the issuing bank without the consent of the other parties
Choose an answer
Revocable letter of credit
Irrevocable letter of credit
Revolving letter of credit
Unconditional letter of credit
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Question # 16
Which is demanded by a bank at the time of opening new account
Choose an answer
Birth certificate
Source of income
Educational qualification
All of the above
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