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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Bank Provide finance on the basis of Mudarba Act as.
Choose an answer
Aamil
Mudarib
Debtor
None of these
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Question # 2
The amount of money in the amount of account holder is called:
Choose an answer
Profit
Interest
Deposit
Loan
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Question # 3
Money market is a market of loans for
Choose an answer
Short term
Medium term
Long term
All the above
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Question # 4
The signature of the following is compulsory on B/E:
Choose an answer
Bank
Drawee
Drawer
Both (B) & (C)
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Question # 5
Who can issue participation term certificates
Choose an answer
Firm
Company
Cooperative society
All the above
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Question # 6
bank is the developed form of
Choose an answer
The business of moneylenders
The business of merchants
The business of goldsmiths
None of the above
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Question # 7
A commercial bank keeps less cash reserve if:
Choose an answer
Cheque is used in most of the transactions
Cheque house facilty is available
Rediscounting facility is available
All of the above
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Question # 8
Which amount is available for salaried and low income persons:
Choose an answer
Current account
Saving account
Fixed deposit
All of the above
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Question # 9
Amount with drawn from Bank without using cheque.
Choose an answer
ID Card
VISA card
ATM and Debit Card
Credit Card
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Question # 10
when customer deposit his money in bank he become.
Choose an answer
Debtor
Bailer
Mortageger
Creditor
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Question # 11
Credit cards payment are considered.
Choose an answer
Credit payment
Cash Payment
Both a and b
None of these
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Question # 12
Which of the following is the valid method of making payment.
Choose an answer
Credit card
pay order
Bank Draft
All of these
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Question # 13
the card which can be used to pay for goods purchased.
Choose an answer
ID card
Credit card
Chrage card
Gurantee card
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Question # 14
The market in which funds are borrowed of lent for a period of over one year.
Choose an answer
Money market
Capital market
Open market
None of these
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Question # 15
In case of non-negotiable instruments, the rights can:
Choose an answer
Be tranferred
Not be transferred
Be conditionally transferred
All of the above
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Question # 16
Bank is bound to honour the cheque of customer if:
Choose an answer
Required amount is available in amount
Cheque is according to rules of conduct
There is no restriction by government
All of the above
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