More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Who does accept the responsibility for repayment debt
Choose an answer
Guarantor
Personal security
Both a and b
None of the these
Previous
Skip
Next
Question # 2
If the rate of interest (profit) on the bank deposits is higher then the banks keep:
Choose an answer
Less cash reserve
Less margin rate
More cash reserve
None of the above
Previous
Skip
Next
Question # 3
Saving account can be opened by:
Choose an answer
An individual
A group of persons
The institutions
All of the above
Previous
Skip
Next
Question # 4
PTC are issued in place of
Choose an answer
Shares
Debentures
Bonds
None of these
Previous
Skip
Next
Question # 5
Major function of Central Bank is.
Choose an answer
Open account
Provide lockers
Issue currency notes
All of the above
Previous
Skip
Next
Question # 6
The primary objective of a central bank is to
Choose an answer
Earn profit
Advance loans to traders
Safeguard the national interest
All of the above
Previous
Skip
Next
Question # 7
Why does it necessary for a customer t sign the specimen signature card
Choose an answer
To match with the signatures when cheque is presented for payment
To make exercise of signatures
To complete documentary requirements
To obtain new cheque book
Previous
Skip
Next
Question # 8
It is necessary for scheduled bank to
Choose an answer
Act on the instructions of central bank
Submit report to central bank
Get the books checked
Al the above
Previous
Skip
Next
Question # 9
Normally bank does not pay intrest on
Choose an answer
Saving Account
Fixed Deposit Account
Current Account
B.B.A. Account
Previous
Skip
Next
Question # 10
Because of low Reserve Ratio the credit creation power.
Choose an answer
Increases
Decreases
Constant
Zero
Previous
Skip
Next
Question # 11
Negotiable credit instruments does not includes.
Choose an answer
Cheque
ATM card
Draft
Promissory
Previous
Skip
Next
Question # 12
The acceptance of bill without some condition is called.
Choose an answer
Dishonor acceptance
Documentary acceptance
Qualified acceptance
General acceptance
Previous
Skip
Next
Question # 13
Which of the following theories is associated with the working of international gold standard
Choose an answer
Mint par parity theory
Purchasing power theory
Balance of payments theory
All of the above
Previous
Skip
Next
Question # 14
In L.C. the other name of exporter's bank is.
Choose an answer
Paying bank
Advising bank
Negotiating bank
All of these
Previous
Skip
Next
Question # 15
Popular types of loan issued by the bank according to term are
Choose an answer
Two
Three
Four
Five
Previous
Skip
Next
Question # 16
Illiterate person provides to bank for his identification
Choose an answer
Birth certificate
Impression of thumb
Photograph
All the above
Previous
Skip
Next
Back