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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Trade related Islamic modes of financing do not include
Choose an answer
Musharika
Mark up
Leasing
Hire-purchase
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Question # 2
When the demand of any county's currency increses than the rate of exchange becomes.
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Unfavorable
Favorable
Equilibrium
None of these
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Question # 3
Negotiable instruments are defined by Act.
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1881
1857
1694
1935
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Question # 4
Central Bank provide the facility to Scheduled Banks.
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Rediscounting Bills
Clearing House
Transfer of Money
All the above
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Question # 5
Content of money order includes.
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Fixed amount
Non transferable
Identification
All of these
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Question # 6
Which of the following is a non commercial L.C.
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Revolving L.C.
Traveler 's cheque
Unconfirmed L.C.
Special L.C.
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Question # 7
Grace days are given to debtors for payment.
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3 days
4 days
5 days
6 days
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Question # 8
In Pakistan the bank nationalized Act is.
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Act 1956
Act 1932
Act 1962
Act 1974
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Question # 9
Which method of note issue is prevailing in Pakistan after 1965
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Min. Reserve System
Proportional system
Fixed Fiduciary system
None of the above
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Question # 10
the precautions while advancing loan by bank are.
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Safety of loan
Durable security
Liquidity
All the above
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Question # 11
Who is the leader or supervisor of money market
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Government
Central bank
Commercial bank
Money lender
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Question # 12
Teh value of security should be more than.
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Market value
Cost value
Amount of loan
None of these
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Question # 13
The transmission of following is stopped due to clearing house:
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Credit money
Metallic money
Cash money
All of the above
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Question # 14
The nature of relation between bank and customers is:
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Deptor and creditor
Agent and principal
Bailer and bailee
All of the above
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Question # 15
Central Bank is the Leader of.
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Capital Market
Money Market
Both a and b
Open market
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Question # 16
Following is an example of Non-Operating Account.
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Current Account
Fixed Deposit Account
Foreign Currency A/c
Saving Account
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