12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 2 (Commercial Bank)

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

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MCQ's Test For Chapter 0 "Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test"

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Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test

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Question # 1

Which of the following functions is performed by commercial bank

Question # 2

What kind of power does commercial bank possess regarding credit creation

Question # 3

The amount in fixed deposit can be

Question # 4

Habib Bank Limited was formed on.

Question # 5

In Pakistan before 1974 commercial Banks were formed under.

Question # 6

To make regular payments of a fixed amount to a stated A/c

Question # 7

If a credit is lost, what shuld the holder do.

Question # 8

To make payments of variable amounts to a stated A/c

Question # 9

Commercial bank creates the following Money

Question # 10

Heart of Financial Structure.

Question # 11

United Bank Ltd. was formed on.

Question # 12

If a credit card is lost, what should the holder do.

Question # 13

Which of the following is a limitation in credit creation.

Question # 14

The higer the cash reserve ratio.

Question # 15

Quaid -e-Azam opened his bank account in.

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

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which affairs of Banks are revealed by articles of Banks.
A. Internal
B. External
C. Political
D. Financial
2 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
3 Commercial bank creates the following Money
A. Metallic
B. Credit
C. Paper
D. All the above
4 The amount in fixed deposit can be
A. Deposited many times
B. Deposited only once
C. Withdrawn many times
D. None of the above
5 If the rate of interest (profit) on the bank deposits is higher then the banks keep:
A. Less cash reserve
B. Less margin rate
C. More cash reserve
D. None of the above
6 Which bank does keep the precious articles of public into its custody
A. Central bank
B. Industrial bank
C. Commercial bank
D. None of these
7 The current account nd saving account is also called
A. Sight deposits
B. Chequing account
C. Demand deposits
D. All of these
8 Habib Bank Limited was formed on.
A. 1941
B. 1931
C. 1951
D. 1961
9 Bank draft is issued by the bank when the debtor and creditor belngs to.
A. To differnet citiies/Country
B. With in same city
C. Two different families
D. All these
10 Which is the secondary function of a commercial bank.
A. Accepting deposits
B. Advancing loans
C. Collection of cheques
D. all of these

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