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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Bank is bound to honour the cheque of customer if:
Choose an answer
Required amount is available in amount
Cheque is according to rules of conduct
There is no restriction by government
All of the above
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Question # 2
ATM is used to withdraw money from the
Choose an answer
Branch of bank in which we have the account
Any branch of concerned bank
Other banks
All the above
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Question # 3
On which account a bank does not pay interest
Choose an answer
Saving account
Fixed deposits
Current account
All of the above
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Question # 4
Investiment trusts and finance houses.
Choose an answer
As open market
Money market
Capital market
None of these
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Question # 5
The Weapons of Monetary policy are.
Choose an answer
Two
Three
Four
Five
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Question # 6
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 # 7
Which of the following parties of a letter of credit is called beneficiary
Choose an answer
Importer
Exporter
Opening bank
Advising bank
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Question # 8
Which of the following is not an objective of central bank.
Choose an answer
Economic development
Helping Govt
Walfare of economy
Credit creation
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Question # 9
The main sources of bank's fund are
Choose an answer
Own capital
Deposits
Loan from other banks
All the above
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Question # 10
Account payee only in the transverse parallel line.
Choose an answer
Bearer cheque
Special crossing
General crossing
None of these
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Question # 11
Account Suitable for businessmen
Choose an answer
Saving account
Fixed Account
PLS account
Current Account
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Question # 12
For how many years the governor of State Bank of Pakistan is appointed:
Choose an answer
3 years
7 years
10 years
None of the above
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Question # 13
What type of account is preferred by a businessman
Choose an answer
Saving account
Fixed deposits
Current account
Foreign currency account
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Question # 14
The institution responsible for the contraction and expansion of money in the best interest of general public is called:
Choose an answer
Commercial bank
Clearing house
Central bank
Chamber of commerce
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Question # 15
Which Fiqah does allow the deduction of Zakat in the application form of account opening
Choose an answer
Hindu
Shia
Sunni
None of the above
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Question # 16
If an old joint stock company opens the account then a bank demands for last few years:
Choose an answer
Balance sheet
Annual report
Both (a) & (b)
None of the above
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