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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The Weapons of Monetary policy are.
Choose an answer
Two
Three
Four
Five
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Question # 2
Which of the followig is not an example of Plastic money.
Choose an answer
Debit card
ATM card
Credit card
Currency notes
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Question # 3
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 # 4
The loans which are issued for the period of one to five year called
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Demand loans
Short term loans
Medium term loans
Long term loans
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Question # 5
Most of the experts agreed that the word "Bank" has been derived from the word.
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Banque
Banco
Bancus
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Question # 6
Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank
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Prospectus of bank
Copy of bye-laws
Audited annual report of bank
Certificate of incorporation
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Question # 7
The automatic delivery of banking products and services to customers through interactive electronic communication is called
Choose an answer
E banking
Electronic banking
Both a and b
None of these
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Question # 8
Scheduled bank is registered under state bank of Pakistan Act
Choose an answer
1965
1956
1950
None of the above
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Question # 9
Quaid -e-Azam opened his bank account in.
Choose an answer
ABL
MCB
HBL
NBP
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Question # 10
Negotiable credit instrument do not include.
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Bank draft
Cheque
Postal orders
Treasury bill
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Question # 11
What kinds of business does a commercial bank do
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Accepts deposits and advances loans
Issues currency notes
Re-discounts the bills of exchange
All the above
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Question # 12
Central Bank provide the facility to Scheduled Banks.
Choose an answer
Rediscounting Bills
Clearing House
Transfer of Money
All the above
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Question # 13
Example of Non scheduled is
Choose an answer
ABL
AL-Meezan Investment Bank
HBL
NBP
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Question # 14
If drawer of cheque is a payee himself then what word is written after the word pay:
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Order
Bearer
Self
None of the above
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Question # 15
It is the duty of the bank to.
Choose an answer
Honor cheque
Keep secrecy
Safe custody
All these
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Question # 16
In case of inflation Bank rate.
Choose an answer
Constant
Decreases
Increases
None of these
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