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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Beginning of Bank draft by
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Kings
Money lenders
Merchants
gold smith
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Question # 2
The principle of note issue are.
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Currency Principles
Banking Principles
Both a and b
None of these
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Question # 3
Which of the following nature does IOU have.
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An authograph
A monograph
A sonograph
A holograph
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Question # 4
Which of the following is meant for presenting a summary and balance of accounts of bank customers
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Bank statement
Balance sheet
Pass book
Prospectus
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Question # 5
Why does a bank grant loans to businessmen
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To purchase raw material
To pay wages
To pay development expenditures
All the above
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Question # 6
Customer can withdraw money only after the expiry of fixed time
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From saving account
From current account
From fixed deposit
From all the above
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Question # 7
What does IOU mean
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I am a debtor to you
I am a creditor to you
Both a and b
None of these
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Question # 8
No minimum balance limit requried in.
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Current Account
Saving Account
Foreign Account
B.B.A Account
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Question # 9
Honoured cheuqe is a cheque which is
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Accepted by drawee for payment
Accepted by payee
Accepted by endorsee
All of the above
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Question # 10
Stock certificates are issued by.
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Cental bank
Stock market
Limite Company
Partnership
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Question # 11
For how many years the governor of State Bank of Pakistan is appointed:
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3 years
7 years
10 years
None of the above
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Question # 12
Bank or incomplete bill is called.
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Foreign bill
Local bill
Short bill
Dishonored bill
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Question # 13
All information of pass book is filled by.
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Bank offcials
Payee
Drawer
Account Holder
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Question # 14
Transfer of money from one palce to another place with the help of post office.
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Cheque
Draft
Money order
None of these
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Question # 15
Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.
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Rs. 05 million
Rs. 06 million
Rs. 10 Billion
Rs. 07 billion
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Question # 16
Memorandum includes
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05 Clasuses
06 Clauses
10 Clauses
12 Clauses
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