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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Commercial bank creates the following Money
Choose an answer
Metallic
Credit
Paper
All the above
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Question # 2
When the State Bank of Pakistan came into existence
Choose an answer
1947
1948
1949
1970
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Question # 3
It is the right of the bank to.
Choose an answer
Right to lien
Charge of services
Right of setting off
All these
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Question # 4
For selling shares Bank issues
Choose an answer
Tickets
Prospectus
Certificate
Tokens
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Question # 5
Foreign exchange control reduces the
Choose an answer
Circulation of capital
Export of capital
Import of capital
None of the above
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Question # 6
What is common between bank and customer.
Choose an answer
Account No.
Sereial No
Drawee
Cheque No
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Question # 7
What does IOU mean
Choose an answer
I am a debtor to you
I am a creditor to you
Both a and b
None of these
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Question # 8
Credit Card, ATM card and Debit Card are.
Choose an answer
Metallic money
Paper Money
Plastic Money
Bank Money
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Question # 9
According to registration , bank is divided into followings categories:
Choose an answer
Home and foreign bank
Central and commercial bank
Scheduled and non-scheduled bank
All of the above
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Question # 10
Who does get the benefit of opening an account in bank.
Choose an answer
Bank
Account Holder
Government
All these
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Question # 11
How many benefits of economy
Choose an answer
2
3
4
5
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Question # 12
Transfer of money from one palce to another place with the help of post office.
Choose an answer
Cheque
Draft
Money order
None of these
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Question # 13
The loan which is granted by by bank to account holder on temporary basis called
Choose an answer
Cash credit
Overdraft
Demand loan
None of the above
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Question # 14
Which of the following is a non commercial L.C.
Choose an answer
Revolving L.C.
Traveler 's cheque
Unconfirmed L.C.
Special L.C.
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Question # 15
Grace days are given to debtors for payment.
Choose an answer
3 days
4 days
5 days
6 days
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Question # 16
The currency unit of the capital of IDB is
Choose an answer
Riyal
Dollar
Dinar
None of these
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