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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The money market in Pakistan
Choose an answer
Is developed
Is underdeveloped
Both a & b
Does not exist
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Question # 2
The temples were used as banks in:
Choose an answer
Italy
Rome
China
Greece
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Question # 3
Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.
Choose an answer
Sec. 14
Sec . 13
Sec. 16
Sec. 17
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Question # 4
How many parties are involved in bank draft.
Choose an answer
Four
Three
Two
None of these
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Question # 5
Security is a powerful tool that ensure the repayment of:
Choose an answer
Deposit
Debt
Interest
None of the above
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Question # 6
Beginning of cheque by.
Choose an answer
Gold smiths
Merchants
Kings
Money lenders.
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Question # 7
If the quatity of money in circulation increases then this situation is called:
Choose an answer
Inflation
Deflation
Money market
All of the above
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Question # 8
Letter of credit is opened by.
Choose an answer
Importer 's bank
Exporter's bank
Wholse seller
None of these
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Question # 9
Specialized credit institutions includes.
Choose an answer
BEL
NIT
ICP
All of these
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Question # 10
The person who opens an account with the bank is called
Choose an answer
Employee of bank
Customer of bank
Account holder of bank
Owner of bank
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Question # 11
Which of the following is used to finance the people who want to travel abroad
Choose an answer
Traveller's letter of credit
Traveller's cheque
Circular note
All the above
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Question # 12
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 # 13
Can open new branch without the consent of Centrla Branch.
Choose an answer
Scheduled Bank
State Bank of Pakistan
Non -Scheduled Bank
Bank of England
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Question # 14
Stock certificate is a document issued by
Choose an answer
Commercial bank
Central bank
Limited companies
Stock-market
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Question # 15
Account example from Zakat and Tax
Choose an answer
B.B.A. Account
Current account
Foreign Currency Account
None of these
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Question # 16
E-Banking provides benefits to the following
Choose an answer
Accountholder
Banker
Economy
All the above
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