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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which of the following is provided to customer for opening the profit and loss term deposit account
Choose an answer
Cheque bank
Pay-in-slip
Pass book
Fixed deposits receipt
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Question # 2
The person in whose favour the rights of recieving the amount of cheque transferred:
Choose an answer
Endorser
Payee
Endorsee
All of the above
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Question # 3
Which of the following takes responsibility to manage the property of another
Choose an answer
Trustee
Bailee
Mortgagee
All the above
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Question # 4
The other name of cash credit is.
Choose an answer
Overdraft
Cash finance
Runnign finance
None of these
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Question # 5
Money creative bank is
Choose an answer
Central bank
Commercial bank
Consumer bank
Both a and b
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Question # 6
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 # 7
Bank draft is an order
Choose an answer
Of court
Conditional
Unconditional
Of government
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Question # 8
The bank branch on whic the draft is drawn is.
Choose an answer
Drawer
Payee
Drawee
None of these
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Question # 9
Non geogibale credit instruemnt are.
Choose an answer
Letter of credit
I.O.U
Money order
All of these
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Question # 10
Which one is not the feature of good Banking system.
Choose an answer
Economic development
Inflation
Larger Capital
TYrust of public
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Question # 11
Habib Bank Limited was formed on.
Choose an answer
1941
1931
1951
1961
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Question # 12
If the bank refuses to pay the amount of cheque.
Choose an answer
Discounting
Crossing
Dishonoring
None of these
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Question # 13
Process of credit creation by
Choose an answer
Central bank
Commercial banks
Both of these
None of these
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Question # 14
The external value of local currency is stablized through:
Choose an answer
Monetary policy
Increase in prices
Trade policy
All of the above
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Question # 15
The leader of capital market in Pakistan.
Choose an answer
Centrla bank
Government
Commercial Banks
None of these
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Question # 16
Which things can be accepted by bank as security at the time of granting loan
Choose an answer
Gold and silver
Property
Shares and debentures of company
All the above
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