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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
How many merits of scheduled bank
Choose an answer
12
13
14
15
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Question # 2
Pledge means loan given against
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Immovable property
Movable property
Botha a and b
None of these
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Question # 3
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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Question # 4
When two or more persons open an account under a single title is called.
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Joint Account
Single title account
B.B.A. Account
None of these
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Question # 5
Ribs Bank of Sweden became central bank in:
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1568
1668
1768
None of the above
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Question # 6
Negoitable credit instruemnts includes
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Bank darft
Postal order
I.O.U
Money order
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Question # 7
Teh stock exchange markets in Pakistan are.
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Two
Three
Four
Five
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Question # 8
Foreign exchange control reduces the
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Circulation of capital
Export of capital
Import of capital
None of the above
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Question # 9
Which type of loan is advanced by commercial banks for meeting day-to-day requirements:
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Short term loan
Medium term loan
Long term loan
All of the above
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Question # 10
IDB provides finance to
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All countries
Asian countries
Europian countries
Member Muslim Countries
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Question # 11
Long term loan period is consisted of:
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Days
Months
Years
All of the above
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Question # 12
The departments of State Bank of Pakistan includes.
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Note issuing deptt
Bankng deptt
Foreign exchange deptt
All the above
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Question # 13
The current account nd saving account is also called
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Sight deposits
Chequing account
Demand deposits
All of these
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Question # 14
State Bank of Paksitan was established on
Choose an answer
1st July 1949
Ist July 1948
Ist July 1694
Ist July 1964
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Question # 15
A commercial bank keeps less cash reserve if:
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Cheque is used in most of the transactions
Cheque house facilty is available
Rediscounting facility is available
All of the above
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Question # 16
Why commercial banks keep a certain amount of money as reserve
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Meeting the requirements of customers
Meeting the requirements of central bank
Acquiring the satisfaction of having cash
Expanding the banking business
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