12th Class Principles of Banking MCQ Test With Answer for Principles of Banking Full Book

Principles of banking is the main subject for the I. com students. There are general rules and concepts that governor the field of accounting.

Ilmkidunya provides the great opportunity to the students by providing the latest outline of the paper. This Principle of banking online test makes the students more competent and proficient on the theory of the book. Objective is the essential part of the paper. There is 20 % paper that consist of the objective section. If the students want to get the exceptional marks, then they must attempt this online test.

Online testing system is one of the most effective ways to attempt the paper brilliantly. Students can easily get grasp on all the theory and objective as well. After attempting this MCQ online test, students will be able to perform well in the papers and pass the exams successfully.

Students can also judge their ability and skills after solving the test. Students can do this online test many times until they make sure about the accuracy of the test.

In this online test we come to know the overall rules reffered as basic accounting principles and rules Principles of banking online test. Students can get grip on the introduction to accounting basics, Blance sheet Assets, balance sheet liabilities and stock holder equities, statements on cash flows, double entry system sample transition no. It is advised to the students to solve this online test to get good grades in the exams .

 

ICOM Part 2 English Medium Principles of Banking MCQ's Test

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Principles of Banking Icom Part 2 English Medium Online Test

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  • Total Questions15

  • Time Allowed20

Principles of Banking Icom Part 2 English Medium Online Test

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Question # 1

Bill which is drawn without any trade transcation

Question # 2

Main uses of bank funds are

Question # 3

Capital market does not deal in.

Question # 4

Part of cash of scheduled banks kept by centrla bank as per law is called.

Question # 5

What is necessary to withdraw money through ATM.

Question # 6

The charger of commercial Bank is.

Question # 7

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

Question # 8

The products of E-Banking are.

Question # 9

Credit cards payment are considered.

Question # 10

Electronic banking transaction Ordinance is.

Question # 11

In case of bank draft the drawer is.

Question # 12

Bill of exchange is written order whihc is always.

Question # 13

The quantitative methods of credit control are in nature.

Question # 14

Bank draft is a credit instrument.

Question # 15

What is meant by hypothecation


Topic Test

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 1 Online Test 62 Download PDF Launch Test
0 Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test 80 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test 61 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test 52 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 5 Online Test 52 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 6 Online Test 56 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 7 Online Test 50 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test 44 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test 58 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test 48 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test 26 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 12 Online Test 45 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 13 Online Test 39 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 14 Online Test 41 Download PDF Launch Test
0 Principles of Banking Icom Part 2 English Medium Chapter 15 Online Test 27 Download PDF Launch Test

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ICom Part II Principles of Banking (E.M) Important MCQ's

Sr.# Question Answer
1 If drawer of cheque is a payee himself then what word is written after the word pay:
A. Order
B. Bearer
C. Self
D. None of the above
2 Who are called the ancestors of modern banks.
A. Merchant
B. Money Lenders
C. Gold Smiths
D. All of these
3 The loan which is granted by by bank to account holder on temporary basis called
A. Cash credit
B. Overdraft
C. Demand loan
D. None of the above
4 PTC are issued in place of
A. Shares
B. Debentures
C. Bonds
D. None of these
5 Rate of interest in case of fixed deposit is
A. Low
B. High
C. Both
D. None of the above
6 If the quatity of money in circulation increases then this situation is called:
A. Inflation
B. Deflation
C. Money market
D. All of the above
7 Maintenance of minimum balance is not required in
A. Current account
B. Basic banking account
C. Saving account
D. None of these
8 The document which is used to transfer the deposit from one bank to another is.
A. Bank draft
B. Promissory note
C. Biull of exchange
D. All these
9 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
10 The payment of draft is made on.
A. Sight
B. Demand
C. By psot
D. Phone call
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ICOM Part 2 Principles of Banking English Medium MCQ's Test

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Test Questions

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