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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The leader of money and capital market in Pakistan.
Choose an answer
Government
Cental Bank
Commercial Banks
None of these
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Question # 2
Pakistan has used methods of note issue.
Choose an answer
Proportional reserve system
Min. Reserve system
Both a and b
Fixed fiduciary system
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Question # 3
Who can issue participation term certificates
Choose an answer
Firm
Company
Cooperative society
All the above
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Question # 4
The main characteristics of bank draft.
Choose an answer
Written
On demand
Certain payment
All of these
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Question # 5
In these days Banks are formed under companies ordinance.
Choose an answer
1962
1932
1984
1013
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Question # 6
Which account is considered a nn transferable account.
Choose an answer
Saving Account
Current Account
B.B.A. Account
Term Deposit Account
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Question # 7
In Paksitan BEL, NIT and ICP are credit institutions.
Choose an answer
Unorganized
Specialized
Non specialized
All these
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Question # 8
If a bank is unable to submit prospectus at the time of registration, then it has to submit:
Choose an answer
Statement in lieu of prospectus
Certificate of incorpoartion
Certificate of commencement
None of the above
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Question # 9
The person who opens an account with the bank is called
Choose an answer
Employee of bank
Customer of bank
Account holder of bank
Owner of bank
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Question # 10
The leader of money market in Pakistan.
Choose an answer
Central Bank
Government
Commercial Banks
None of these
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Question # 11
What is meant by hypothecation
Choose an answer
To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt
To hand over the documents of property by a customer until the repayment of debt
A type of security in which neither the ownership nor the possession passes to the bank
A receipt of loan which shows that money has been borrowed against an immovable property as a security
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Question # 12
The bill of exchange who's tenor is more than three month is.
Choose an answer
Sight bill of exchange
Foreign bill exchnage
Long bill exchange
Short billof exchange
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Question # 13
When was ADBP established
Choose an answer
1957
1961
1963
1965
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Question # 14
Which of the following institution was converted into IDBP:
Choose an answer
Pakistan industrial finance corporation
Pakistan investment corporation
Industrial bank
Pakistan industrial and credit investment corporation
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Question # 15
The primary function of commercial bank are
Choose an answer
Accepting deposits
Advancing loans
Both a and b
None of these
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Question # 16
Commercial bank creates the following Money
Choose an answer
Metallic
Credit
Paper
All the above
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