12th class Principle of Banking chapter 2 online mcq test with answers for ICom part 2 Principle of Banking Chapter 2 (Commercial Bank)

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Sr.#	Question	Answer
1	Which type of loan is advanced by commercial banks for meeting day-to-day requirements:	A. Short term loan B. Medium term loan C. Long term loan D. All of the above
2	While deposting money in your a/c you must use.	A. Pay in slip B. Deposit slip C. Credit voucher D. All of these
3	Commercial bank advises its customers on	A. Household matters B. Financial matters C. Political matters D. All the above
4	Which bank does discount the bills of public	A. Commercial bank B. Agricultural bank C. Industrial bank D. All of the above
5	Exchange banks are commonly known as.	A. Foreign bank B. Central bank C. Consortium Bank D. None of these
6	For commercial banks deposits are.	A. Assets B. Liabilities C. Income D. Expense
7	In Pakistan the bank nationalized Act is.	A. Act 1956 B. Act 1932 C. Act 1962 D. Act 1974
8	Which of the following is a limitation in credit creation.	A. Initial deposit B. Use of cheques C. Use currency D. all of these
9	The kind of loan according to issue	A. Cash credit B. Discounting of bill C. Mortgage loan D. All of the above
10	A commercial bank keeps less cash reserve if:	A. Cheque is used in most of the transactions B. Cheque house facilty is available C. Rediscounting facility is available D. All of the above