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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
When ADFC came into existence
Choose an answer
1951
1961
1965
1970
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Question # 2
Drawer and Drawee belongs to two diffrent cities.
Choose an answer
Inland bill
Short bill
Long bill
Foreign bill
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Question # 3
The banks under special ordinance are formed:
Choose an answer
By the president of any bank
By the president of world bank
By the president of a country
All of the above
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Question # 4
The person who accept the of billof excange on behalf of drawee is called.
Choose an answer
Debtor
Payee
Drawee
Acceptor
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Question # 5
Polymer Currency includes
Choose an answer
Debit card
ATM card
Credit card
All of these
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Question # 6
Term dishonoring of cheque is used when
Choose an answer
Bank refuses to pay
Bank stops the payments
Bank delay the payments
Bank gives cheque to clearing house
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Question # 7
A cheque which cannot be cashed at bank's counter
Choose an answer
Bearer
Order
Crossed
None of the above
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Question # 8
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 # 9
Negotiable credit instrument do not include.
Choose an answer
Bank draft
Cheque
Postal orders
Treasury bill
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Question # 10
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 # 11
Bank prefers to advance loan on such documents
Choose an answer
Which are easy to keep
Which are transferable
Whose price can be determined easily
All the above
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Question # 12
Foreign exchange control reduces the
Choose an answer
Circulation of capital
Export of capital
Import of capital
None of the above
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Question # 13
Can open new branch without the consent of Centrla Branch.
Choose an answer
Scheduled Bank
State Bank of Pakistan
Non -Scheduled Bank
Bank of England
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Question # 14
Cheque is a credit instrument which is
Choose an answer
Negotiable
Conditionally negotiable
Non negotiable
None of the above
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Question # 15
The Bank are called Scheduled Bank which are registered with the.
Choose an answer
Central Bank
world Bank
Bank of England
All the above
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Question # 16
In L.C. the other name of importer's bank is.
Choose an answer
Buyer bank
Opening bank
Issuing bank
All of these
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