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	Over draft facility is only provided on:	A. Current account B. Fixed deposit C. Saving account D. All of the above
2	Which of the following is a limitation in credit creation.	A. Initial deposit B. Use of cheques C. Use currency D. all of these
3	Which amount is available for salaried and low income persons:	A. Current account B. Saving account C. Fixed deposit D. All of the above
4	To make regular payments of a fixed amount to a stated A/c	A. Direct Debit B. Standing order C. Inter bank transfer D. All of these
5	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
6	Which is the Primary functionof a commercial bank.	A. Issue Notes B. Accepting Deposits C. Credit creation D. None of these
7	Commercial bank is called:	A. Banker's bank B. Bank of public C. Custodian of foreign exchange D. Banker to the Government
8	Commercial bank creates credit	A. By discounting of bills B. By investment C. By advancing loans D. All of the above
9	Polymer Currency includes	A. Debit card B. ATM card C. Credit card D. All of these
10	For more credit creation a bank must have.	A. More demand deposits B. More fixed deposits C. More time deposited D. All of these