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.

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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.

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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

What is the purpose of using credit card

Question # 2

Bill brokers and discount houses work in.

Question # 3

Bills of exchange is

Question # 4

Person having an account with a bank or having some similar relation with the bank is called

Question # 5

A pass book is issued to:

Question # 6

How many functions of money market

Question # 7

In case of negotiable instruments, the rights can:

Question # 8

Cheque is always crossed by

Question # 9

Scheduled bank is registered under state bank of Pakistan Act

Question # 10

An organized money market is always.

Question # 11

Bills of exchange is a negotiable instrument which contains

Question # 12

Credit card payments are considered.

Question # 13

The principle of not issue is

Question # 14

The transmission of following is stopped due to clearing house:

Question # 15

Margin means the difference between amount of loan and.


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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 Which document does reveal the internal affairs of a bank
A. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus
2 Over draft facility is provided only on.
A. Saving Account
B. Fixed Deposit Account
C. Current Account
D. All the above

3 Nature of Bank Accounts also help in determining the ratio of.
A. Cash Reserve
B. Capital
C. Partnership
D. None of these
4 Which party to L.C. is called beneficiary.
A. Import
B. Export
C. Advising bank
D. Opening bank
5 Up to December 1965, Pakistan used method of note issue.
A. Proportional Reserve system
B. Min. Reserve system
C. Fixed fiduciary system
D. All of these
6 Account suitable for salaried person.
A. Fixed Deposit account
B. Current Account
C. Saving Account
D. Term Deposit Account
7 Running finance means customer has balance at bank.
A. Debit Balance
B. Credit Balance
C. Favorable balance
D. None of these
8 Which of the following theories is associated with the working of international gold standard
A. Mint par parity theory
B. Purchasing power theory
C. Balance of payments theory
D. All of the above
9 The forms of cash reserve of commercial bank:
A. Cash in hand
B. Reserve with central bank
C. Recievable from other banks
D. All of the above
10 Who did print the cheque in specific form for the first time or firstly:
A. Imperial Bank
B. Bank of England
C. State Bank of Pakistan
D. None of the above
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ICOM Part 2 Principles of Banking English Medium MCQ's Test

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