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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The document which reveals the ownership of goods kept on port:
Choose an answer
Bill of lading
Dock warrant
Delivery order
Railway receipt
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Question # 2
The person who draws the bill is called.
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Debtor
Drawee
Drawer
Acceptor
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Question # 3
State Bank of Pakistan can also be called as.
Choose an answer
Central Bank
Reserve Bank
Monetary Authority
All the above
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Question # 4
Scheduled Banks can keep his totl assets outsinde the country.
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80%
60%
40%
20%
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Question # 5
Scheduled Banks are registred under state bank act.
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1956
1984
1962
1932
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Question # 6
The detail in the memorandum of bank is recorded :
Choose an answer
In one paragraph
In seperate paragraphs
On one page
All of the above
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Question # 7
Married women can open following account in bank:
Choose an answer
Saving account
Current account
Fixed amount
All of the above
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Question # 8
Amount of crossed cheque is recieved:
Choose an answer
From bank's counter
Issueing new cheque
From bank's manager
None of the above
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Question # 9
Major function of Central Bank is.
Choose an answer
Open account
Provide lockers
Issue currency notes
All of the above
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Question # 10
Cheque consists of future date is called.
Choose an answer
Out date
Post dated
Anti dated
None of these
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Question # 11
Bank is asked to take care the property of his clinet is called.
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Bailee
Pawnee
Mortagagee
Trustee
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Question # 12
Who is the leader or supervisor of money market
Choose an answer
Government
Central bank
Commercial bank
Money lender
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Question # 13
United Bank Ltd. was formed on.
Choose an answer
1959
1949
1694
1957
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Question # 14
If the rate of interest (profit) on the bank deposits is higher then the banks keep:
Choose an answer
Less cash reserve
Less margin rate
More cash reserve
None of the above
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Question # 15
What is meant by hypothecation
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To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt
To hand over the documents of property by a customer until the repayment of debt
A type of security in which neither the ownership nor the possession passes to the bank
A receipt of loan which shows that money has been borrowed against an immovable property as a security
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Question # 16
State Bank of Pakistan Amendment Act is.
Choose an answer
1932
1997
1962
1956
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