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

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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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M Asif

Lahore14 - Jun - 2025

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M Asif

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Fatima Arain

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

Sr. # Questions Answers Choice
1 Cheque is a written order of customer to:
  • A. keep the amount
  • B. Transfer the amount
  • C. Pay the amount
  • D. Recieve the amount
2 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
3 To meet the modern banking transactions Requirements SBP introduced.
  • A. E- Banking
  • B. Islamic Banking
  • C. Office banking
  • D. All of these
4 Account Suitable for businessmen
  • A. Saving account
  • B. Fixed Account
  • C. PLS account
  • D. Current Account
5 Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.
  • A. Rs. 05 million
  • B. Rs. 06 million
  • C. Rs. 10 Billion
  • D. Rs. 07 billion
6 when customer deposit his money in bank he become.
  • A. Debtor
  • B. Bailer
  • C. Mortageger
  • D. Creditor
7 The first Pakitan Note es were issued in the denomination of.
  • A. Rs. 5
  • B. Rs. 10
  • C. Rs.100
  • D. All of these
8 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
9 Credit card payments are considered.
  • A. Cash payments
  • B. Credit payments
  • C. Both these
  • D. None of these
10 Drawer and payee of inland promissory note belong to
  • A. Same country
  • B. Different countries
  • C. Different cities
  • D. None of the above

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  • A

    Areesha Khan

    04 Mar 2019

    good work

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  • R

    Rimsha

    21 Apr 2018

    niceee

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  • A

    Ali Raza

    15 May 2016

    sialkot

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    Tahreem Ramzan

    14 May 2016

    nice

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