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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which of the following institution was working before the establishment of ADBP
Choose an answer
Agricultural development finance corporation
Agricultural development bank
Both a and b
None of the above
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Question # 2
Over draft facility is provided only on.
Choose an answer
Saving Account
Fixed Deposit Account
Current Account
All the above
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Question # 3
The following bank can open its branch in foreign country
Choose an answer
Scheduled bank
Non-scheduled bank
Both a and b
None of the these
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Question # 4
The person who draws the bill is called.
Choose an answer
Debtor
Drawee
Drawer
Acceptor
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Question # 5
If an old joint stock company opens the account then a bank demands for last few years:
Choose an answer
Balance sheet
Annual report
Both (a) & (b)
None of the above
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Question # 6
Which method or methods are prevailing in Pakistan for issuing notes
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Fixed Fiduciary System
Proportional Reserve System
Both a and b
None of the these
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Question # 7
Which type of a bill can be discounted form bank.
Choose an answer
Sight bill
Time bill
Dishonored bill
Unaccepted bill
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Question # 8
Loan Create
Choose an answer
Monopoly
Inflation
Deposits
All the above
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Question # 9
Parties involved in I.O.U
Choose an answer
Three
Four
Two
Five
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Question # 10
If a credit card is lost, what should the holder do.
Choose an answer
Report to employer
Report to bank
Report to insurance co.
All the above
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Question # 11
If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:
Choose an answer
Resolving
Back to Back
Transferable
None of the above
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Question # 12
What is the nature of credit instrument IOU
Choose an answer
An autograph
A monograph
A holograph
A sonograph
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Question # 13
Non -Scheduled bank menas a bank which is not registred with.
Choose an answer
Stock Exchange
World Bank
Central Bank
Scheduled bank
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Question # 14
Running finance means customer has balance at bank.
Choose an answer
Debit Balance
Credit Balance
Favorable balance
None of these
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Question # 15
For Transactions the merchants used to issue.
Choose an answer
Passport
Promissory note
Ideintty card
Bil lof exchange
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Question # 16
What is recieved by the post office on money order:
Choose an answer
Profit
Interest
Commision
All of the above
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