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

The loan which can be demanded by bank at anytime:

Question # 2

In Pakistan before 1974 commercial Banks were formed under.

Question # 3

Decreas in cash reserve ratio of scheduled Banks.

Question # 4

The amount (capital) recieved by bank after issuing shares is called:

Question # 5

Which is the secondary function of a commercial bank.

Question # 6

Quaid -e-Azam opened his bank account in.

Question # 7

Which of the following is not an example of plastic money

Question # 8

Commercial bank is called:

Question # 9

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

Question # 10

Which of the following is a limitation in credit creation.

Question # 11

Which of the following is a limitation in credit creation

Question # 12

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

Question # 13

Commercial bank creates credit

Question # 14

While deposting money in your a/c you must use.

Question # 15

Habib Bank Limited was formed on.

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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 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
2 The amount in fixed deposit can be
A. Deposited many times
B. Deposited only once
C. Withdrawn many times
D. None of the above
3 Exchange banks are commonly known as.
A. Foreign bank
B. Central bank
C. Consortium Bank
D. None of these
4 Commercial bank is called:
A. Banker's bank
B. Bank of public
C. Custodian of foreign exchange
D. Banker to the Government
5 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
6 What kind of power does commercial bank possess regarding credit creation
A. Unlimited power
B. Limited power
C. No power
D. All the above are possible
7 Habib Bank Limited was formed on.
A. 1941
B. 1931
C. 1951
D. 1961
8 the card which can be used to pay for goods purchased.
A. ID card
B. Credit card
C. Chrage card
D. Gurantee card
9 Commercial bank can be regarded by nature as
A. Depository bank
B. Central bank
C. Investment bank
D. None of the above
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

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