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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Credit money in the country is controlled by
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Central bank
Commercial bank
Industrial bank
Agricultural bank
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Question # 2
bank is the developed form of
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The business of moneylenders
The business of merchants
The business of goldsmiths
None of the above
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Question # 3
Whihc of the following is the most elastic method for issuing notes.
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Fix fiduciary system
Minium Reserve system
Proportional Reserve system
None of these
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Question # 4
Sate Bank of Pakistan advises the federal and provincial governments on following matter
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Administrative
Financial
Political
All the above
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Question # 5
In L.C. the other name of importer's bank is.
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Buyer bank
Opening bank
Issuing bank
All of these
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Question # 6
Certain Percentage of Gold to issue currency notes.
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Fixed Fiduciary method
Proportionate Reserve
Min. Reserve system
None of these
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Question # 7
Stock exchange marketin Pakistan.
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LSE
KSE
ISE
All of these
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Question # 8
If drawing of a cheque signs o its back for transferring the rights to another person is called
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Material change
Endorsement
Crossing
Acceptance
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Question # 9
Which is the quantitative method of credit control
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Change in reserve ratio
Change in margin requirement
Selective control
Publicity
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Question # 10
A Modarba may by for
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Specific or multi purpose
Perpetual
Specific period
All the above
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Question # 11
The bill of exchange who's tenor is more than three month is.
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Sight bill of exchange
Foreign bill exchnage
Long bill exchange
Short billof exchange
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Question # 12
Cheque consists of future date is called.
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Out date
Post dated
Anti dated
None of these
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Question # 13
The Lady Phd.Governors of State Bank of Paksitan inclued.
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M. Yaqoob
Ishrat Hussain
Shamshad Akhtar
All of these
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Question # 14
It is necessary for scheduled bank to
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Act on the instructions of central bank
Submit report to central bank
Get the books checked
Al the above
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Question # 15
Account example from Zakat and Tax
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B.B.A. Account
Current account
Foreign Currency Account
None of these
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Question # 16
How many institutions of money market
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6
5
4
7
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