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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The rate at which commercial banks and centrla bank buys and sells foreign currency.
Choose an answer
Bank Rate
Inter Bank rate
Intrest rate
Discount rate
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Question # 2
Scheduled banks means a bank which is registered with
Choose an answer
Stock exchange
Central bank
World bank
All of the above
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Question # 3
Under which Section Scheduled Bank can open new branch.
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Section 38
Section 39
Section 40
Section 41
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Question # 4
The person in whose favour the rights of recieving the amount of cheque transferred:
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Endorser
Payee
Endorsee
All of the above
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Question # 5
The money sent through post office from one country to another
Choose an answer
Traveller's cheque
Bank draft
Letter of credit
International money order
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Question # 6
When was the "Reserve Bank of India" established:
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1925
1935
1940
1945
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Question # 7
Running Finance is also known as.
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Saving Account
Current Account
Overdraft
Fixed Account
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Question # 8
The word Bank has been derived from the German word
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Back
Bancus
Banco
None of the above
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Question # 9
Nature of Bank Accounts also help in determining the ratio of.
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Cash Reserve
Capital
Partnership
None of these
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Question # 10
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 # 11
On every cheque bank gets
Choose an answer
Profit
Commission
Tax
Duty
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Question # 12
In Pakistan, the interest free modes of financing have been divided into
Choose an answer
Two groups
Three groups
Four groups
None of these
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Question # 13
What is necessary to continue or keep an account with the bank
Choose an answer
Introductory preference
Minimum required balance
Phone number
Political stability
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Question # 14
Which of the followign cannot open account in a bank.
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Lunatic
Minor
Parda Nasheen woman
All of these
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Question # 15
Riba is the word of following language
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Urdu
Arabic
English
French
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Question # 16
Over draft facility is only provided on:
Choose an answer
Current account
Fixed deposit
Saving account
All of the above
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