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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The bank of charges interest on.
Choose an answer
Deposits
Overdraft
Running finace
Both b and c
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Question # 2
Which document is attached to the application for the registration of bank
Choose an answer
Memorandum of bank
Articles of bank
Prospectus
All the above
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Question # 3
Qualitative methods of monetary policy do not include:
Choose an answer
Direct actions
Publicity
Bank rate policy
Moral pursuation
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Question # 4
The bill whihc is payable on its presentation is called.
Choose an answer
Sight bill
Time bill
Trade bill
Accommodation bill
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Question # 5
Alternation in cheque must be singed by.
Choose an answer
Payee
Debtor
Drawer
All of these
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Question # 6
Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue
Choose an answer
5%
10%
30%
100%
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Question # 7
Bank of England and Royal Bank of Scotaland are an examples of.
Choose an answer
Statutory Bank
Development bank
Royal Bank
Non eof these
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Question # 8
The L.C. which is accompanied by some documents is called.
Choose an answer
Documentary L.C.
Revolving L.C.
Back to back L.C.
Simple L.C.
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Question # 9
Money market is a market of loans for
Choose an answer
Short term
Medium term
Long term
All the above
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Question # 10
What type of account is preferred by a businessman
Choose an answer
Saving account
Fixed deposits
Current account
Foreign currency account
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Question # 11
Where are the stock certificates sold and bought
Choose an answer
At commercial bank
At central bank
At post office
At stock exchange
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Question # 12
Negoitable credit instruemnts includes
Choose an answer
Bank darft
Postal order
I.O.U
Money order
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Question # 13
If drawer of cheque is a payee himself then what word is written after the word pay:
Choose an answer
Order
Bearer
Self
None of the above
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Question # 14
Drawer and drawee belongs to same country.
Choose an answer
Domestic bill
Foregin bill
Trade bill
Accommodation bill
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Question # 15
Customer can withdraw money only after the expiry of fixed time
Choose an answer
From saving account
From current account
From fixed deposit
From all the above
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Question # 16
The following is not used in E-Banking
Choose an answer
Credit card
Debit card
Cheque
All the above
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