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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
A contractual relationship between bank and its customers.
Choose an answer
Debtor
Principal
Bailor
All of these
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Question # 2
What kinds of business does a commercial bank do
Choose an answer
Accepts deposits and advances loans
Issues currency notes
Re-discounts the bills of exchange
All the above
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Question # 3
Which is teh secondary function of commercial bank.
Choose an answer
Accepting deposits
Advancing loans
Collection of cheques
All of these
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Question # 4
Loan Create
Choose an answer
Monopoly
Inflation
Deposits
All the above
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Question # 5
When bank provides finance to its customer under an agreement of Modaraba, the customer becomes
Choose an answer
Consumer
Zarib
Aamal
None of the above
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Question # 6
Riba is the word of following language
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Urdu
Arabic
English
French
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Question # 7
Which instrument is not dealt at stock exchange
Choose an answer
Shares
Debentures
Both a and b
Bills of exchange
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Question # 8
The amount of loan should be less than.
Choose an answer
Value of security
Market value
Face value
Hidden value
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Question # 9
Commercial bank creates the following Money
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Metallic
Credit
Paper
All the above
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Question # 10
List of Directors is required at the stage of.
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Registration
Incorporation
Promotion
Commencement
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Question # 11
Scheduled bank keeps a certain amount of its deposits with central bank as
Choose an answer
Reserve capital
Bank rate
Subscribed capital
Authorized capital
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Question # 12
All information of pass book is filled by.
Choose an answer
Bank offcials
Payee
Drawer
Account Holder
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Question # 13
Why commercial banks keep a certain amount of money as reserve
Choose an answer
Meeting the requirements of customers
Meeting the requirements of central bank
Acquiring the satisfaction of having cash
Expanding the banking business
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Question # 14
State Bank of Paksitan was established on
Choose an answer
1st July 1949
Ist July 1948
Ist July 1694
Ist July 1964
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Question # 15
Stock exchange marketin Pakistan.
Choose an answer
LSE
KSE
ISE
All of these
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Question # 16
Which bank does accept the deposits from public
Choose an answer
Commercial bank
Central bank
Foreign exchange bank
All the above
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