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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Quaid -e-Azam opened his bank account in.
Choose an answer
ABL
MCB
HBL
NBP
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Question # 2
The transmission of following is stopped due to clearing house:
Choose an answer
Credit money
Metallic money
Cash money
All of the above
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Question # 3
Retirement of bill means
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Payment of bill before due date
Dishonoring of bill due to non-payment
Protesting of bill
Dishonoring of bill due to non-acceptance
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Question # 4
Which bank is called the mother or central banks
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Reserve bank of India
Bank of England
State Bank of Pakistan
Bank of Venice
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Question # 5
The important types of banker's letter of credit:
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Two
Three
Four
None of these
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Question # 6
If there is no gurantee to honour the L.C. It is called.
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Documentary L.C.
Revolving L.C.
Back to back L.C.
Unconfirmed L.C.
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Question # 7
When the State Bank of Pakistan came into existence
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1947
1948
1949
1970
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Question # 8
Bank draft is an order
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Of court
Conditional
Unconditional
Of government
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Question # 9
Capital market does not deal in.
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Debentures
Treasury bills
Bonds
Shares
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Question # 10
Which of the followingis highly marketable security.
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Documents of title
Goods and produce
Shares and debentures
all the above
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Question # 11
Drawee of the bank draft is a
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Bank which issues a draft
Bank on which the draft is drawn
Payee of draft
Sender of amount by draft
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Question # 12
Increase in ratio of cash reserve of scheduled banks.
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Increase of credit creation
Stop credit creation
Decreased in credit creation
None of these
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Question # 13
State Bank of Pakistan Act is.
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1956
1932
1962
1984
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Question # 14
Bank Should advance loan to only those who are storng.
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Domestically
Socially
Financially
None of these
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Question # 15
Important source of income for Bank.
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Deposits
Current Account
Saving account
Issued loans
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Question # 16
A bill which can be rediscounted from central bank
Choose an answer
Sight bill
Time bill
Both a and b
None of these
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