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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Official empowered by theGovt. attest the negotiable instruments by his seal.
Choose an answer
Gazette officer
Notary public
Public attorney
None ofthese
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Question # 2
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 # 3
State Bank of Pakistan Act is.
Choose an answer
1956
1932
1962
1984
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Question # 4
The numebr of parties in a cheque are.
Choose an answer
Two
Five
Four
Three
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Question # 5
Qarz-Hasna is available for the studies of
Choose an answer
Engineering
Agriculture
Commerce
All the above
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Question # 6
The person who opens a bank account is called:
Choose an answer
Owner of bank
Customer of bank
Employee of bank
None of them
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Question # 7
Promissory note drawn by two or more persons is called
Choose an answer
Individual promissory note
Joint promissory note
Foreign promissory note
All of the above
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Question # 8
In Pakistan Islamic Banking system was introduced in .
Choose an answer
1974
1981
1984
None of these
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Question # 9
Commercial letter of credit is issued for the facilty of:
Choose an answer
Ambassadors
Common people
Businessmen
Alll of the above
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Question # 10
A mechanism by which international indebtedness is settle dbetween one country and another.
Choose an answer
Indebtedness
Foreign Debts
Foreign exchange
All these
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Question # 11
Bills of exchange has three:
Choose an answer
Owners
Parties
Shareholders
None of the above
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Question # 12
The types of local or home trade are.
Choose an answer
Regail trade
Wholescale trade
Interport
Both a and b
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Question # 13
Institutions of money market in Pakistan.
Choose an answer
Central Bank
Commercial Bank
Specialized institutions
All of these
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Question # 14
Part of cash of scheduled banks kept by centrla bank as per law is called.
Choose an answer
Specific reserves
Satutory reserves
Gneral Reserves
All the above
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Question # 15
When goods are made available as security for a loan from bank.
Choose an answer
Hypothecation
Mortagage
None of these
Both a and b
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Question # 16
The kind of commercial letter of credit includes.
Choose an answer
Revocable L.C.
Unconditional L.C.
Confirmed L.C.
All of these
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