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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Bank Provide finance on the basis of Mudarba Act as.
Choose an answer
Aamil
Mudarib
Debtor
None of these
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Question # 2
The person who endorse the bill of exchange in called.
Choose an answer
Endorser
Trustee
Enddorser
Drawee
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Question # 3
Which of the following is a non-commercial letter of credit
Choose an answer
Irrevocable letter of credit
Red-clause letter of credit
Special letter of credit
Traveller's letter of credit
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Question # 4
Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue
Choose an answer
5%
10%
30%
100%
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Question # 5
Who are called the ancestors of modern banks.
Choose an answer
Merchant
Money Lenders
Gold Smiths
All of these
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Question # 6
The external value of local currency is stablized through:
Choose an answer
Monetary policy
Increase in prices
Trade policy
All of the above
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Question # 7
The demand for foreign exchange comes when.
Choose an answer
Purchases of foreign securites
Students go abroad
Goods are imported
All of these
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Question # 8
Which of the following is not use to E-Banking .
Choose an answer
ATM card
Credit card
Cheque
Debit cards
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Question # 9
Which of the following is the valid method of making payment.
Choose an answer
Credit card
pay order
Bank Draft
All of these
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Question # 10
Evolutionary history of early banks includes.
Choose an answer
Merechnats
Money Lenders
Gold smiths
All these
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Question # 11
Which of the following nature does IOU have.
Choose an answer
An authograph
A monograph
A sonograph
A holograph
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Question # 12
Which of the following is a non commercial L.C.
Choose an answer
Revolving L.C.
Traveler 's cheque
Unconfirmed L.C.
Special L.C.
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Question # 13
Parties involved in postal order
Choose an answer
Two
Three
Four
Five
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Question # 14
When customer deposits his money in a bank, he becomes
Choose an answer
Mortgagee
Creditor
Debtor
None of the above
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Question # 15
Principle of advancing loan by bank are.
Choose an answer
Principle of income
Principle of safety
Principal of liquidity
All the above
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Question # 16
Drawer and Drawee belongs to two diffrent cities.
Choose an answer
Inland bill
Short bill
Long bill
Foreign bill
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