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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
the card which can be used to pay for goods purchased.
Choose an answer
ID card
Credit card
Chrage card
Gurantee card
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Question # 2
What is the objective of foreign exchange control
Choose an answer
To stabilize exchange rate
To increase government revenue
Favorable balance of payment
All the above
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Question # 3
Which bank is called the mother or central banks
Choose an answer
Reserve bank of India
Bank of England
State Bank of Pakistan
Bank of Venice
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Question # 4
State Bank of Pakistan Act is
Choose an answer
1932
1962
1984
1997
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Question # 5
I.O.U. Is a credit instrument.
Choose an answer
Negotiable
Non Negotiable
Partial Negotiable
Conditional negotiable
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Question # 6
Which bank does keep the precious articles of public into its custody
Choose an answer
Central bank
Industrial bank
Commercial bank
None of these
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Question # 7
Money market deals in
Choose an answer
Promissory note
Bills of exchange
Marketable securities
All the above
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Question # 8
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 # 9
Cheque is a written order of customer to:
Choose an answer
keep the amount
Transfer the amount
Pay the amount
Recieve the amount
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Question # 10
The loans which can be demanded back by bank at any time are.
Choose an answer
Short term loans
Medium Tem loans
Long term loans
Demand loans
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Question # 11
Which of the following gets facility due to commercial letter of credit:
Choose an answer
Home traders
Exporter
Importer
Both exporter and importer
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Question # 12
While depositing money in your a/c , you must use.
Choose an answer
Pay - in slip
Deposit slip
Credit voucher
All these
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Question # 13
Important functions of a central bank:
Choose an answer
To issue currency notes
To provide banking facilities to government
To advise commercial banks
All of the above
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Question # 14
Under which Section Scheduled Bank can open new branch.
Choose an answer
Section 38
Section 39
Section 40
Section 41
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Question # 15
Where are the stock certificates sold and bought
Choose an answer
At commercial bank
At central bank
At post office
At stock exchange
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Question # 16
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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