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

The important (basic) kinds of accounts opened in commercial banks are:

Question # 3

Which of the following is a limitation in credit creation.

Question # 4

The higer the cash reserve ratio.

Question # 5

Which is teh secondary function of commercial bank.

Question # 6

Increase in ratio of cash reserve of scheduled banks.

Question # 7

The life blood of acomemrcial bank.

Question # 8

For commercial banks deposits are.

Question # 9

Bank draft is issued by the bank when the debtor and creditor belngs to.

Question # 10

The primary function of commercial bank are

Question # 11

The kind of loan according to issue

Question # 12

United Bank Ltd. was formed on.

Question # 13

Which account is called non operating account.

Question # 14

In Pakistan the bank nationalized Act is.

Question # 15

For more credit creation a bank must have.

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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 of the following is a valid method of receiving payment from debtors.
A. Debit card
B. Credit card
C. ATM card
D. Cash
2 In Pakistan before 1974 commercial Banks were formed under.
A. Co's act 1932
B. Co's Act 1913
C. Co's Act 1984
D. None of these
3 If a credit is lost, what shuld the holder do.
A. Report to employer
B. report to bank
C. Reort to insurance co.
D. All the above
4 Quaid -e-Azam opened his bank account in.
A. ABL
B. MCB
C. HBL
D. NBP
5 The amount (capital) recieved by bank after issuing shares is called:
A. Reserve capital
B. Paid up capital
C. Autherized capital
D. Issued capital
6 Present commercial Banks are teh Developed form of the business of.
A. Money Lenders
B. gold smiths
C. Money changers
D. Merchants
7 The commercial banks may be:
A. Scheduled
B. Non-scheduled
C. Foreign
D. All of the above
8 Credit card payments are considered.
A. Cash payments
B. Credit payments
C. Both these
D. None of these
9 Which of the followig is not an example of Plastic money.
A. Debit card
B. ATM card
C. Credit card
D. Currency notes
10 Process of credit creation by
A. Central bank
B. Commercial banks
C. Both of these
D. None of these

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