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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.
Choose an answer
Sec. 14
Sec . 13
Sec. 16
Sec. 17
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Question # 2
Which is demanded by a bank at the time of opening new account
Choose an answer
Birth certificate
Source of income
Educational qualification
All of the above
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Question # 3
The purpose of using credit card is.
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Purchase goods and services
Deposit cheque
Withdraw money
Deposit cash
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Question # 4
Draft drawn and pid in two different parties int he same country is called.
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Foreign draft
Demand draft
Local draft
None of these
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Question # 5
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 # 6
The loan against which no security is kept by bank are.
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Secured loans
Unsecured loans
Demand loans
None of these
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Question # 7
If the bank refuses to pay the amount of cheque.
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Discounting
Crossing
Dishonoring
None of these
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Question # 8
Drawer and Drawee belongs to two diffrent cities.
Choose an answer
Inland bill
Short bill
Long bill
Foreign bill
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Question # 9
The person who is committed to manager the property of other.
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Trustee
Bailee
Morggagee
None of these
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Question # 10
When goods are made available as security for a loan from bank.
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Hypothecation
Mortagage
None of these
Both a and b
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Question # 11
The instruments which are used in foreign receipts and payments called.
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Letter of credit
Foreign debts
Foreign exchange
None of these
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Question # 12
Quaid -e-Azam opened his bank account in.
Choose an answer
ABL
MCB
HBL
NBP
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Question # 13
What is the major reason of Pakistan's unorganized money market
Choose an answer
Lack of cooperation among financial institutions
Absence of democracy
Issuance of loan on political basis
All the above
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Question # 14
If drawing of a cheque signs o its back for transferring the rights to another person is called
Choose an answer
Material change
Endorsement
Crossing
Acceptance
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Question # 15
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 # 16
The change in the address of abnk should be intimated to registar within:
Choose an answer
Eight days
Ten days
Eighteen days
Twenty eight days
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