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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Account suitbale for business woman.
Choose an answer
Current account
Saving account
Fixed deposit account
None of these
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Question # 2
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 # 3
Which of the following theories is associated with the working of international gold standard
Choose an answer
Mint par parity theory
Purchasing power theory
Balance of payments theory
All of the above
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Question # 4
Whose role is consitered important in the beginning of cheque:
Choose an answer
Three
Merchants
Goldsmiths
Money lenders
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Question # 5
Which of the following rate keeps the balance of payments in equilibrium
Choose an answer
Discount rate
Interest rate
Exchange rate
Market rate
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Question # 6
Which of the following banks cannot open its new branch without the permission of central bank
Choose an answer
Non-scheduled bank
Scheduled bank
Chartered bank
All of the above
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Question # 7
Quaid -e- Azam opened his bank account in.
Choose an answer
1940
1945
1957
1987
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Question # 8
The person who will receive the amount of bill of exchange is.
Choose an answer
Debtor
Payee
Drawee
Acceptor
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Question # 9
Saving accounts encourage the habit of saving among
Choose an answer
Low income persons
Investors
Business people
All of the above
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Question # 10
The institution responsible for the contraction and expansion of money in the best interest of general public is called:
Choose an answer
Commercial bank
Clearing house
Central bank
Chamber of commerce
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Question # 11
When were the Pakistani banks nationalized:
Choose an answer
1974
1984
1990
1994
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Question # 12
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 # 13
The head office of IDB is in
Choose an answer
Jeddah
Islamabad
Tehran
Dubai
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Question # 14
Which of the following is useful in facilitating trade relation between the businessmen of different countries
Choose an answer
Bank draft
Money order
Letter of credit
Stock certificate
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Question # 15
How many benefits of economy
Choose an answer
2
3
4
5
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Question # 16
Which method is used for the formation of bank
Choose an answer
Royal order
Special ordinance
Company's ordinance
All of the above
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