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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  • Total Questions15

  • Time Allowed20

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

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Question # 1

the card which can be used to pay for goods purchased.

Question # 2

Credit card payments are considered.

Question # 3

Which of the following is a valid method of receiving payment from debtors.

Question # 4

In Pakistan before 1974 commercial Banks were formed under.

Question # 5

If the rate of interest (profit) on the bank deposits is higher then the banks keep:

Question # 6

For more credit creation a bank must have.

Question # 7

Which affairs of Banks are revealed by articles of Banks.

Question # 8

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

Question # 9

Which of the folloiwng is a valid method of receivig payment from debtors.

Question # 10

Polymer Currency includes

Question # 11

Commercial bank advises its customers on

Question # 12

The kind of loan according to issue

Question # 13

Decreas in cash reserve ratio of scheduled Banks.

Question # 14

Heart of Financial Structure.

Question # 15

Increase in ratio of cash reserve of scheduled banks.

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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 Because of low Reserve Ratio the credit creation power.
A. Increases
B. Decreases
C. Constant
D. Zero
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 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
4 the card which can be used to pay for goods purchased.
A. ID card
B. Credit card
C. Chrage card
D. Gurantee card
5 The loans on which high rate of interest is charged :
A. Medium term loans
B. Long term loans
C. Short term loans
D. Demand loans
6 Current account is suitable for
A. Capitalists
B. Salaried persons
C. Business community
D. None of the above
7 Cash reserve of commercial Banks includes.
A. Cash in hand
B. Cash with SBP
C. Balance with other banks
D. All the above
8 While depositing money in your a/c , you must use.
A. Pay - in slip
B. Deposit slip
C. Credit voucher
D. All these
9 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
10 Which of the following is not an example of plastic money
A. Debit card
B. ATM card
C. Currency notes
D. Credit card

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