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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which method is mostly used in making foreign payment
Choose an answer
Foreign bills of exchange
By post
By telegraph
None of these
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Question # 2
What is the objective of clearing house
Choose an answer
To control credit money
To clear the transactions of different banks
Training of banking staff
Re-discounting of bills
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Question # 3
PICIC was established as
Choose an answer
Private company
Limited company
Partnership
None of the above
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Question # 4
Cheque is always payable on.
Choose an answer
Phone call
At sight
After banking hour
On demand
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Question # 5
What is necessary to continue or keep an account with the bank
Choose an answer
Introductory preference
Minimum required balance
Phone number
Political stability
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Question # 6
Parties involvedin money order.
Choose an answer
Two
Three
Four
Five
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Question # 7
The market where foreign moneys are bought and sold is.
Choose an answer
Stock market
Foreign exchang markets
Open market
None of these
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Question # 8
The main content sof bank draft.
Choose an answer
bank branch
Payee
Date
All of these
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Question # 9
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 # 10
In case of inflation Bank rate.
Choose an answer
Constant
Decreases
Increases
None of these
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Question # 11
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 # 12
Who are called the ancestors of modern banks.
Choose an answer
Merchant
Money Lenders
Gold Smiths
All of these
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Question # 13
Upper specie point is got by adding the delivery charges in following metal
Choose an answer
Silver
Gold
Iron
Copper
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Question # 14
It is the right of a customer to.
Choose an answer
Draw cheque
Receive pass book
Receive cheque book
All these
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Question # 15
Why does it necessary for a customer t sign the specimen signature card
Choose an answer
To match with the signatures when cheque is presented for payment
To make exercise of signatures
To complete documentary requirements
To obtain new cheque book
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Question # 16
The forms of cash reserve of commercial bank:
Choose an answer
Cash in hand
Reserve with central bank
Recievable from other banks
All of the above
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