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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Crossing of cheque is cancelled by
Choose an answer
Drawer
Drawee
Holder
All of the above
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Question # 2
The other name of credit woucher is.
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Credit note
Cash credit
pay in slip
Debit note
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Question # 3
When bank provides finance to its customer under an agreement of Modaraba, the customer becomes
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Consumer
Zarib
Aamal
None of the above
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Question # 4
Clubs, cooperative societies, and associations etc. are entitled as following concern
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Partnership
Non-trading
Trading
All the above
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Question # 5
Popular types of loan issued by the bank according to term are
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Two
Three
Four
Five
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Question # 6
According to Sir John Paget, a bank is an institution which :
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Accepts the deposits of general public
Honours the cheques
Advances loan
All of the above
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Question # 7
The rate at which commercial banks and centrla bank buys and sells foreign currency.
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Bank Rate
Inter Bank rate
Intrest rate
Discount rate
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Question # 8
The important (basic) kinds of accounts opened in commercial banks are:
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Two
Three
Four
countless
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Question # 9
In Pakistan, the interest free modes of financing have been divided into
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Two groups
Three groups
Four groups
None of these
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Question # 10
Services provided by on line banking
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Depositing the money into the account
Withdrawal the money from bank
Transfer of money
All the above
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Question # 11
It is necessary for scheduled bank to
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Act on the instructions of central bank
Submit report to central bank
Get the books checked
Al the above
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Question # 12
Which is teh secondary function of commercial bank.
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Accepting deposits
Advancing loans
Collection of cheques
All of these
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Question # 13
Money market is a market of loans for
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Short term
Medium term
Long term
All the above
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Question # 14
In the presence of cleairng house the use of cash transactions between banks
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Increases
Decreases
Stops
NO effect
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Question # 15
Which bank account continues after the with drawal of total amount:
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Current saving
Fixed deposit
Saving account
All of the above
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