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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
When ADFC came into existence
Choose an answer
1951
1961
1965
1970
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Question # 2
What type of account is preferred by a businessman
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Saving account
Fixed deposits
Current account
Foreign currency account
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Question # 3
Which of the following is provided to customer for opening the profit and loss term deposit account
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Cheque bank
Pay-in-slip
Pass book
Fixed deposits receipt
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Question # 4
The first stage or step between importer and exporter for the purpose of sale and purchase is:
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Oath or undertaking
Agreement
Contract with bank
Issuing of L.C
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Question # 5
On every cheque bank gets
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Profit
Commission
Tax
Duty
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Question # 6
The name of the person is written on cheque as:
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Drawer
Drawee
Payee
None of these
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Question # 7
On opening Saving Account the Bank Provide.
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Pass Book
Pay in slip
Cheque book
All of these
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Question # 8
Running Finance is also known as.
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Saving Account
Current Account
Overdraft
Fixed Account
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Question # 9
Scheduled Banks can keep his totl assets outsinde the country.
Choose an answer
80%
60%
40%
20%
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Question # 10
Drawer and Drawee belongs to two diffrent cities.
Choose an answer
Inland bill
Short bill
Long bill
Foreign bill
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Question # 11
Which of the following accounts is non-transferable
Choose an answer
Saving account
Fixed deposit account
Current account
None of the above
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Question # 12
Which of the following functions is performed by commercial bank
Choose an answer
Issuance of currency notes
Credit creation
Rediscounting of bills
Preparation of monetary policy
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Question # 13
Which is teh secondary function of commercial bank.
Choose an answer
Accepting deposits
Advancing loans
Collection of cheques
All of these
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Question # 14
The person who pledges the goods with the banker as security is called.
Choose an answer
Pledgee
Mortagager
Pledger
Mortagagee
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Question # 15
Which form of automated payment would be better in paying wages to employee
Choose an answer
BACS
Standing order
Direct Debit
Credit transfer
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Question # 16
The person who draws the bill is called.
Choose an answer
Debtor
Drawee
Drawer
Acceptor
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