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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which letter of credit is accompanied by some documents
Choose an answer
Confirmed
Documentary
Non-documentary
All the above
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Question # 2
The Islamic ideology council presents its formal report for Islamic banking in
Choose an answer
June, 1978
June, 1979
June, 1980
None of these
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Question # 3
Sate Bank of Pakistan advises the federal and provincial governments on following matter
Choose an answer
Administrative
Financial
Political
All the above
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Question # 4
How many benefits of bankers
Choose an answer
4
5
6
7
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Question # 5
IOU is a document
Choose an answer
Negotiable
Non-negotiable
Conditional negotiable
Unconditional negotiable
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Question # 6
The person who is committed to manager the property of other.
Choose an answer
Trustee
Bailee
Morggagee
None of these
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Question # 7
Which of the following parties of a letter of credit is called beneficiary
Choose an answer
Importer
Exporter
Opening bank
Advising bank
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Question # 8
Crossing makes the cheque
Choose an answer
Acceptable
Dishonour
Safe
None of these
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Question # 9
Long term is advanced against the following security:
Choose an answer
Non-material
Material
Personal
All of the above
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Question # 10
What is necessary to withdraw money through ATM.
Choose an answer
ATM card
PIN number
ATM terminal
All of these
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Question # 11
The more increase in exchange rate for a country under gold standard is called
Choose an answer
Lower specie point
Middle specie point
Upper specie point
None of the above
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Question # 12
Difference between hypothecation and pledge is.
Choose an answer
Possession of goods
Ownership
Possession of documents
None of these
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Question # 13
The main objectives of foreign exchange control are.
Choose an answer
Stablilize exchange rate
Increase Govt.Revenue
Protect domestic industires
All of these
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Question # 14
Which of the following is not an objective of central bank.
Choose an answer
Economic development
Helping Govt
Walfare of economy
Credit creation
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Question # 15
How many benefits of customers
Choose an answer
5
6
7
8
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Question # 16
The nature of relation between bank and customers is:
Choose an answer
Deptor and creditor
Agent and principal
Bailer and bailee
All of the above
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