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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Bank Provide finance on the basis of Mudarba Act as.
Choose an answer
Aamil
Mudarib
Debtor
None of these
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Question # 2
The rate which keeps the balance of payment in equilibrium.
Choose an answer
Equilibrium rate
Foreign exchange rate
Currency Rate
Dollar rate
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Question # 3
It is the right of the bank to.
Choose an answer
Right to lien
Charge of services
Right of setting off
All these
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Question # 4
Commercial Bank is a factory of creating credit.
Choose an answer
Crowther
Gilbert
Reynold
H.I.Heart
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Question # 5
How many merits of scheduled bank
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12
13
14
15
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Question # 6
The market where foreign moneys are bought and sold is.
Choose an answer
Stock market
Foreign exchang markets
Open market
None of these
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Question # 7
The important types of banker's letter of credit:
Choose an answer
Two
Three
Four
None of these
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Question # 8
the nature of relations between banker and customers is.
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Bailer and Bailee
Agent and principal
Debtor and creditor
All the above
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Question # 9
The cheque which cannot be cashed on the bank counter.
Choose an answer
Bearer cheque
Crossed cheque
Order cheque
Both bearer and order
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Question # 10
Which of the following is a limitation in credit creation.
Choose an answer
Initial deposit
Use of cheques
Use currency
all of these
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Question # 11
The letter of credit which can be endorsed to another person is called:
Choose an answer
Special L.C
Transferable L.C
Resolving L.C
None of the above
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Question # 12
Money creative bank is
Choose an answer
Central bank
Commercial bank
Consumer bank
Both a and b
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Question # 13
Main uses of bank funds are
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Advancing loans
Direct investment
Both a and b
None of these
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Question # 14
Why commercial banks keep a certain amount of money as reserve
Choose an answer
Meeting the requirements of customers
Meeting the requirements of central bank
Acquiring the satisfaction of having cash
Expanding the banking business
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Question # 15
Pakistan's central bank was established in:
Choose an answer
1947
1948
1949
1950
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Question # 16
In an organized money market the interest rate is.
Choose an answer
Less
More
Uniform
All these
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