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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The document by which the people are invited to buy the shares of bank is called
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Memorandum of bank
Articles of bank
Certificate of incorporation
Prospectus of bank
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Question # 2
To make regular payments of a fixed amount to a stated A/c
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Direct Debit
Standing order
Inter bank transfer
All of these
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Question # 3
Payee has no give his identification to bank for receiving the amount of:
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Bearer cheque
Order cheque
Blank cheque
Crossedcheque
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Question # 4
When a bank accepts real estate as security by way of mortgage then it is called
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Aamal
Zarib
Mortgager
Mortgagee
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Question # 5
Habib Bank Limited was formed on.
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1941
1931
1951
1961
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Question # 6
What is written on the leaf of a cheque about customer
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Name
Address
Telephone number
Account number
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Question # 7
To make payments of variable amounts to a stated A/c
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Direct Debit
Standing order
Inter bank transfer
Clearing House system
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Question # 8
ZTBL issues the loans for:
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Fishing and forest
Breading of cattles
Diary farming
All of the above
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Question # 9
E-Banking provides benefits to the following
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Accountholder
Banker
Economy
All the above
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Question # 10
In Pakistan the bank nationalized Act is.
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Act 1956
Act 1932
Act 1962
Act 1974
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Question # 11
Which of the following is a valid method of receiving payment from debtors.
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Debit card
Credit card
ATM card
Cash
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Question # 12
When were the Pakistani banks nationalized:
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1974
1984
1990
1994
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Question # 13
Any Co.which transact the business of banking in Pakistan.
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Chartered co.
Joint stock co.
Banking co.
All of these
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Question # 14
A commercial bank keeps less cash reserve if:
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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 # 15
Central Bank provide the facility to Scheduled Banks.
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Rediscounting Bills
Clearing House
Transfer of Money
All the above
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Question # 16
The bank that makes payment to the exporter after receiving L.C. is called.
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Advising bank
Informatory bank
Paying bank
All of these
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