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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which one is the primary function of a bank
Choose an answer
Accepting deposits
Advancing loans
Both these
None of these
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Question # 2
Crossing which contains the name of a particular bank is called
Choose an answer
Regular crossing
Irregular crossing
General crossing
Special crossing
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Question # 3
Illiterate person provies on cheque for his indentification.
Choose an answer
Photograph
Birth Certificate
Thum Impression
All these
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Question # 4
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 # 5
The supply of foreign exchange arises when.
Choose an answer
Goods are exported
Students comes of country
Sale of Foreign securities
All of these
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Question # 6
Paying bank with respect to a letter of credit is called.
Choose an answer
Advising bank
Informatory bank
Both these
None of these
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Question # 7
When was PICIC established
Choose an answer
1950
1951
1957
1961
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Question # 8
Which things can be accepted by bank as security at the time of granting loan
Choose an answer
Gold and silver
Property
Shares and debentures of company
All the above
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Question # 9
Purchasing power theory of foreign exchange was presented in.
Choose an answer
1920
1962
1694
1881
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Question # 10
A bill which can be rediscounted from central bank
Choose an answer
Sight bill
Time bill
Both a and b
None of these
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Question # 11
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
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Question # 12
Quantitive methods are contral on
Choose an answer
Banks
Currency
Govt.
Public
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Question # 13
Which of the following is meant for presenting a summary and balance of accounts of bank customers
Choose an answer
Bank statement
Balance sheet
Pass book
Prospectus
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Question # 14
Which bank does accept the deposits from public
Choose an answer
Commercial bank
Central bank
Foreign exchange bank
All the above
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Question # 15
The person who endorse the bill of exchange in called.
Choose an answer
Endorser
Trustee
Enddorser
Drawee
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Question # 16
How many benefits of customers
Choose an answer
5
6
7
8
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