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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Popular types of loan issued by the bank according to term are
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Two
Three
Four
Five
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Question # 2
Quaid -e- Azam opened his bank account in.
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1940
1945
1957
1987
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Question # 3
The following is not used in E-Banking
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Credit card
Debit card
Cheque
All the above
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Question # 4
Promissory note means a:
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Promise to pay fixed amount on fixed date
Promise to pay currency notes on fixed date
Promise to pay goods on fixed date
All of the above
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Question # 5
The numebr of parties in a cheque are.
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Two
Five
Four
Three
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Question # 6
Treasury bill means:
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Amount of government
Evidence of governments debt
Promise of government to pay
None of the above
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Question # 7
Head of any government institution can open account with a bank in the capacity of
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Consumer
Principal
Employee
None of the above
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Question # 8
For more credit creation a bank must have.
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More demand deposits
More fixed deposits
More time deposited
All of these
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Question # 9
Bill which is drawn without any trade transcation
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Sight bill
Time bill
Trade bill
Accommodation bill
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Question # 10
Bank of England and Royal Bank of Scotaland are an examples of.
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Statutory Bank
Development bank
Royal Bank
Non eof these
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Question # 11
What type of account is preferred by a businessman
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Saving account
Fixed deposits
Current account
Foreign currency account
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Question # 12
Official empowered by theGovt. attest the negotiable instruments by his seal.
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Gazette officer
Notary public
Public attorney
None ofthese
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Question # 13
The merits of credit card.
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Easy payment
Proof of payment
Loan Facility
All of these
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Question # 14
E-Banking provides benefits to the following
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Accountholder
Banker
Economy
All the above
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Question # 15
A represntative handed over cheques to other banks are called.
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Outwaard clearing
Direct cheaning
Inward Clearing
Indirect Clearing
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Question # 16
Central bank does not provide the following facility to non-scheduled bank
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Rediscounting of bills
Clearing house
Transfer of money
All the above
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