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

The automatic delivery of banking products and services to customers through interactive electronic communication is called

Question # 2

The bank branch on whic the draft is drawn is.

Question # 3

Participation term certificate are issued by.

Question # 4

Which bank account continues after the with drawal of total amount:

Question # 5

If the bank refuses to pay the amount of cheque.

Question # 6

Payment of sight bill is made on.

Question # 7

A trustee is the:

Question # 8

Why does a bank grant loans to businessmen

Question # 9

A contractual relationship between bank and its customers.

Question # 10

What is the objective of foreign exchange control

Question # 11

Qualitative methods are control over.

Question # 12

The principle of not issue is

Question # 13

The instruments which are used in foreign receipts and payments called.

Question # 14

Term dishonoring of cheque is used when

Question # 15

Clubs, cooperative societies, and associations etc. are entitled as following concern


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 Scheduled bank keeps a certain amount of its deposits with central bank as
A. Reserve capital
B. Bank rate
C. Subscribed capital
D. Authorized capital
2 Which document is attached to the application for the registration of bank
A. Memorandum of bank
B. Articles of bank
C. Prospectus
D. All the above
3 Promissory note means a:
A. Promise to pay fixed amount on fixed date
B. Promise to pay currency notes on fixed date
C. Promise to pay goods on fixed date
D. All of the above
4 The loans on which high rate of interest is charged :
A. Medium term loans
B. Long term loans
C. Short term loans
D. Demand loans
5 Which account is called non operating account.
A. Current account
B. Saving account
C. Fixed account
D. BBA account
6 Commercial bank can be
A. Scheduled
B. Foreign
C. Non Sheduled
D. All these
7 Crossing makes the cheque
A. Acceptable
B. Dishonour
C. Safe
D. None of these
8 Retirement of bill means
A. Payment of bill before due date
B. Dishonoring of bill due to non-payment
C. Protesting of bill
D. Dishonoring of bill due to non-acceptance
9 Feature of postal order
A. Serial no
B. value
C. Commission
D. All of these
10 The parties involved in a gurantee are.
A. Debtor
B. Creditor
C. Guarantor
D. All these
ic

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

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  • areesha khan

    areesha khan

    04 Mar 2019

    good work

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    rimshamalik

    21 Apr 2018

    niceee

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    Ali Raza

    15 May 2016

    sialkot

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    tahreem

    14 May 2016

    nice

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