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

Present commercial Banks are teh Developed form of the business of.

Question # 2

Why commercial banks keep a certain amount of money as reserve

Question # 3

Which type of loan is advanced by commercial banks for meeting day-to-day requirements:

Question # 4

Which of the following is a limitation in credit creation

Question # 5

While depositing money in your a/c , you must use.

Question # 6

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

Question # 7

Increase in ratio of cash reserve of scheduled banks.

Question # 8

Exchange banks are commonly known as.

Question # 9

For more credit creation a bank must have.

Question # 10

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

Question # 11

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

Question # 12

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

Question # 13

Which account is called non operating account.

Question # 14

The relation ship between Cash Reserve and credit creation is.

Question # 15

Decreas in cash reserve ratio 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 If a credit card is lost, what should the holder do.
A. Report to employer
B. Report to bank
C. Report to insurance co.
D. All the above
2 The important (basic) kinds of accounts opened in commercial banks are:
A. Two
B. Three
C. Four
D. countless
3 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
4 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
5 Credit card payments are considered.
A. Cash payments
B. Credit payments
C. Both these
D. None of these
6 Commercial bank creates credit
A. By discounting of bills
B. By investment
C. By advancing loans
D. All of the above
7 The amount in fixed deposit can be
A. Deposited many times
B. Deposited only once
C. Withdrawn many times
D. None of the above
8 For more credit creation a bank must have.
A. More demand deposits
B. More fixed deposits
C. More time deposited
D. All of these
9 The kind of loan according to issue
A. Cash credit
B. Discounting of bill
C. Mortgage loan
D. All of the above
10 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694

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