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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
On issuance of bank draft bank gets.
Choose an answer
Tax
Commission
Profit
Duty
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Question # 2
The part of deposits kept with the central bank is called:
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Cash reserve
Margin
Interest rate
All of the above
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Question # 3
The main uses of bank funds are.
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Cash reserve
Granting loan
Issuing shares
None of these
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Question # 4
What is the objective of foreign exchange control
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To stabilize exchange rate
To increase government revenue
Favorable balance of payment
All the above
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Question # 5
Bank draft onece issued can not be.
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Honored
Dishonored
sent
Paid
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Question # 6
Pay-in-slip is a written evidence of:
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Transferring money
Depositing money
With draw money
All of the above
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Question # 7
Which method is mostly used in making foreign payment
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Foreign bills of exchange
By post
By telegraph
None of these
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Question # 8
Which of the followingis highly marketable security.
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Documents of title
Goods and produce
Shares and debentures
all the above
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Question # 9
Memorandum includes
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05 Clasuses
06 Clauses
10 Clauses
12 Clauses
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Question # 10
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 # 11
Which document a joint stock company has to provide at the time of opening account with bank
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Shares
Copy of bye-laws
Audited annual report of company
Certificate of incorporation
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Question # 12
Parties involved in I.O.U
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Three
Four
Two
Five
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Question # 13
Participation term certificate are issued by.
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Sole trader ship
Firm
Joint Stock Co.
Co-operative society
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Question # 14
Joint-stock company can open the following account in bank
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Fixed
Current
Saving
All the above
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Question # 15
Which method or methods are prevailing in Pakistan for issuing notes
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Fixed Fiduciary System
Proportional Reserve System
Both a and b
None of the these
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Question # 16
The document which reveals the ownership of goods kept on port:
Choose an answer
Bill of lading
Dock warrant
Delivery order
Railway receipt
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