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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Part of cash of scheduled banks kept by centrla bank as per law is called.
Choose an answer
Specific reserves
Satutory reserves
Gneral Reserves
All the above
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Question # 2
Which of the following relationships occurs if a customer deposits his money in a bank
Choose an answer
Bank as a debtor and customer as a creditor
Bank as a creditor and customer as a debtor
Bank as an agent and customer as a principle
Bank a modarib and customer as an aamal
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Question # 3
Sate Bank of Pakistan advises the federal and provincial governments on following matter
Choose an answer
Administrative
Financial
Political
All the above
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Question # 4
The document which reveals the ownership of goods kept on port.
Choose an answer
Bill of lading
Dock warrant
Railway recipt
Deliery order
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Question # 5
The cheque which cannot be cashed on the bank counter.
Choose an answer
Bearer cheque
Crossed cheque
Order cheque
Both bearer and order
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Question # 6
Scheduled Banks are registred under state bank act.
Choose an answer
1956
1984
1962
1932
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Question # 7
While deposting money in your a/c you must use.
Choose an answer
Pay in slip
Deposit slip
Credit voucher
All of these
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Question # 8
In moderan Banking introductory reference is not required in.
Choose an answer
Current account
Saving Account
B.B.A. Account
All these
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Question # 9
What is the number of members in the managements body of PICIC
Choose an answer
12
21
5
7
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Question # 10
What is the status of an account if opened by a government institution
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A non-trading concern
An individual
A joint-stock company
A joint customer
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Question # 11
Grace days are given to debtor for the patment of:
Choose an answer
Bills of exchange
Promissory note
Treasury bill
Cheque
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Question # 12
The document acquire to convert non -scheduled into scheduled bank
Choose an answer
Prospectus
Debentures
By laws copy
Audited Annual Report
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Question # 13
The person who opens a bank account is called:
Choose an answer
Owner of bank
Customer of bank
Employee of bank
None of them
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Question # 14
Decrease in the value of home currency as compare to foreign currency.
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Inflation
Devalution
Deflation
All these
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Question # 15
Money Lenders usually known as.
Choose an answer
Sheikh
Nawab
Seth
Debtors
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Question # 16
In Pakistan Islamic Banking system was introduced in .
Choose an answer
1974
1981
1984
None of these
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