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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Long term is advanced against the following security:
Choose an answer
Non-material
Material
Personal
All of the above
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Question # 2
Letter of credit is opened by.
Choose an answer
Importer 's bank
Exporter's bank
Wholse seller
None of these
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Question # 3
The exchange of one country's currency for another foreign currency.
Choose an answer
Exchange Rate
Money change
Foreign exchange
None of these
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Question # 4
What is the nature of credit instrument IOU
Choose an answer
An autograph
A monograph
A holograph
A sonograph
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Question # 5
The amount (capital) recieved by bank after issuing shares is called:
Choose an answer
Reserve capital
Paid up capital
Autherized capital
Issued capital
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Question # 6
Honoured cheuqe is a cheque which is
Choose an answer
Accepted by drawee for payment
Accepted by payee
Accepted by endorsee
All of the above
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Question # 7
The person who pledges the goods with the banker as security is called.
Choose an answer
Pledgee
Mortagager
Pledger
Mortagagee
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Question # 8
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 # 9
Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.
Choose an answer
12th
13th
14th
15th
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Question # 10
Evolutionary history of early banks includes.
Choose an answer
Merechnats
Money Lenders
Gold smiths
All these
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Question # 11
Bill in which drawer belonging to two different countries:
Choose an answer
Inland bill
Foreign bill
Accommodation bill
None of the above
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Question # 12
If an old joint stock company opens the account then a bank demands for last few years:
Choose an answer
Balance sheet
Annual report
Both (a) & (b)
None of the above
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Question # 13
Which affairs of Banks are revealed by articles of Banks.
Choose an answer
Internal
External
Political
Financial
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Question # 14
The bank of charges interest on.
Choose an answer
Deposits
Overdraft
Running finace
Both b and c
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Question # 15
Which is appointed by govt. to certify the negotiable instrument:
Choose an answer
Private attorney
Public attorney
Notary public
Giazetted Officer
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Question # 16
Promissory note drawn by two or more persons is called
Choose an answer
Individual promissory note
Joint promissory note
Foreign promissory note
All of the above
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