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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
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 # 2
Two transverse parallel lines on the face of cheque.
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Crossingof cheque
Dishnoring of cheque
Endorsed of cheque
Retirementof cheque
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Question # 3
The main content sof bank draft.
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bank branch
Payee
Date
All of these
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Question # 4
Another name of fixed deposit receipt is.
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Term Deposit receipt
Capital receipt
Cash Deposit receipt
Revenue receipt
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Question # 5
The payment of draft is made on.
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Sight
Demand
By psot
Phone call
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Question # 6
Alternation in cheque must be singed by.
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Payee
Debtor
Drawer
All of these
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Question # 7
Endorsment of a cheque is always:
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Written
Oral
Written and registered
All of the above
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Question # 8
A Modarba may by for
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Specific or multi purpose
Perpetual
Specific period
All the above
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Question # 9
Market for medium and long term loans.
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Capital market
Money market
Open market
None of these
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Question # 10
Money market is a market of loans for
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Short term
Medium term
Long term
All the above
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Question # 11
Open market operation means.
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Purchase and sale of shares
Purchases and sale of securities
Purchase and sale of assets
None of these
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Question # 12
The amount of loan should be less than.
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Value of security
Market value
Face value
Hidden value
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Question # 13
When were the Pakistani banks nationalized:
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1974
1984
1990
1994
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Question # 14
Which one is the Secondary function commercial bank.
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Accept deposits
Advance loans
Collections of cheques
All these
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Question # 15
Who is called a drawee of cheque
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Payee
Bank
Customer
Endorsee
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Question # 16
What is necessary to withdraw money through ATM.
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ATM card
PIN number
ATM terminal
All of these
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