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 .

 

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

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ICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test

Principles of Banking Icom Part 2 English Medium Online Test

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  • Total Questions15

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Principles of Banking Icom Part 2 English Medium Online Test

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Question # 1

The temples were used as banks in:

Question # 2

Non-scheduled bank can

Question # 3

The market where foreign moneys are bought and sold is.

Question # 4

List of Directors is required at the stage of.

Question # 5

Scheduled bank is bound to keep with the Country.

Question # 6

Present commercial Banks are teh Developed form of the business of.

Question # 7

Which of the following is a limitation in credit creation.

Question # 8

Purchasing power theory of foreign exchange was given by.

Question # 9

Bank draft is a credit instrument.

Question # 10

The method which is mostly use in making foreign payments are.

Question # 11

Services provided by on line banking

Question # 12

The customer who keep his precious articles in bank for safe custody

Question # 13

Drawer and payee of inland promissory note belong to

Question # 14

Illiterate person provies on cheque for his indentification.

Question # 15

State Bank of Pakistan was established on.

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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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Sr.# Question Answer
1 Major function of Central Bank is.
A. Open account
B. Provide lockers
C. Issue currency notes
D. All of the above
2 Cheque is always payable on.
A. Phone call
B. At sight
C. After banking hour
D. On demand
3 Long term is advanced against the following security:
A. Non-material
B. Material
C. Personal
D. All of the above
4 Which of the following cannot open account in a bank
A. Pargah-nasheen women
B. Minor or infant
C. Lunatic or mental patient
D. Non-trading concern
5 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount
6 The example of non commercial letter of credit.
A. Red clause L.C.
B. Green clause LC.
C. Traveler's L.C.
D. Documentary L.C.
7 The first stage or step between importer and exporter for the purpose of sale and purchase is:
A. Oath or undertaking
B. Agreement
C. Contract with bank
D. Issuing of L.C
8 Which of the following is provided to customer for opening the profit and loss term deposit account
A. Cheque bank
B. Pay-in-slip
C. Pass book
D. Fixed deposits receipt
9 The temples were used as banks in:
A. Italy
B. Rome
C. China
D. Greece
10 An organized money market is always.
A. Not elastic
B. Less elastic
C. More elsastic
D. Elastic
11 Which document indicates the authority and limitation of bank
A. Memorandum
B. Articles
C. Certificate of incorporation
D. Prospectus
12 All information of pass book is filled by.
A. Bank offcials
B. Payee
C. Drawer
D. Account Holder
13 Pay Order is issued by the bank when the debtor and creditor belongs to.
A. Two different cities
B. With in same city
C. Two different counties
D. All these
14 How many merits of scheduled bank
A. 12
B. 13
C. 14
D. 15
15 The merits of credit card.
A. Easy payment
B. Proof of payment
C. Loan Facility
D. All of these
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ICOM Part 2 Principles of Banking English Medium MCQ's Test

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