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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
Bank is asked to take care the property of his clinet is called.
Choose an answer
Bailee
Pawnee
Mortagagee
Trustee
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Question # 3
Sate Bank of Pakistan advises the federal and provincial governments on following matter
Choose an answer
Administrative
Financial
Political
All the above
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Question # 4
How many minimum promoters are required to sign on an application for the registration of commercial bank
Choose an answer
Two
Five
Seven
Ten
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Question # 5
The examples of short term monetary assets includes.
Choose an answer
Bills of exchange
Promissory note
Treasurey bill
All of these
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Question # 6
In Pakistan Islamic Banking system was introduced in .
Choose an answer
1974
1981
1984
None of these
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Question # 7
What is the full form is ATM
Choose an answer
Automated Teller Machine
Asynchronous
Transfer
Mode
Air
Traffic
Management
None of these
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Question # 8
Thenature of relations between banker and customers is.
Choose an answer
Bailer and Bailee
Agent and principal
Debtor and creditor
All the above
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Question # 9
Certain Percentage of Gold to issue currency notes.
Choose an answer
Fixed Fiduciary method
Proportionate Reserve
Min. Reserve system
None of these
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Question # 10
Which one of the following is not the preference of state bank of Pakistan
Choose an answer
Expansion in banking system
Control over the supply of money
Equal distribution of credit
To earn maximum profit
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Question # 11
In Pakistan the bank nationalized Act is.
Choose an answer
Act 1956
Act 1932
Act 1962
Act 1974
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Question # 12
Bank or incomplete bill is called.
Choose an answer
Foreign bill
Local bill
Short bill
Dishonored bill
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Question # 13
The loan which can be demanded by bank at anytime:
Choose an answer
Overdraft
Demand loans
Bills of exchange
All of the above
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Question # 14
On issuance of bank draft bank gets.
Choose an answer
Tax
Commission
Profit
Duty
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Question # 15
Main uses of bank funds are
Choose an answer
Advancing loans
Direct investment
Both a and b
None of these
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Question # 16
Which is demanded by a bank at the time of opening new account
Choose an answer
Birth certificate
Source of income
Educational qualification
All of the above
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