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 kind of loan according to issue

Question # 2

Why commercial banks keep a certain amount of money as reserve

Question # 3

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

Question # 4

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

Question # 5

Pay Order is issued by the bank when the debtor and creditor belongs to.

Question # 6

For its customers a commercial bank sells and buys:

Question # 7

Habib Bank Limited was formed on.

Question # 8

Decreas in cash reserve ratio of scheduled Banks.

Question # 9

Heart of Financial Structure.

Question # 10

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

Question # 11

Process of credit creation by

Question # 12

A commercial bank keeps less cash reserve if:

Question # 13

Because of low Reserve Ratio the credit creation power.

Question # 14

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

Question # 15

In Pakistan the bank nationalized Act is.

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ICOM Part 2 English Medium Principles of Banking Chapter 2 MCQ's Test

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ICom Part II Class Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 While deposting money in your a/c you must use.
A. Pay in slip
B. Deposit slip
C. Credit voucher
D. All of these
2 The kind of loan according to issue
A. Cash credit
B. Discounting of bill
C. Mortgage loan
D. All of the above
3 Habib Bank Limited was formed on.
A. 1941
B. 1931
C. 1951
D. 1961
4 Which is the secondary function of a commercial bank.
A. Accepting deposits
B. Advancing loans
C. Collection of cheques
D. all of these
5 A commercial bank keeps less cash reserve if:
A. Cheque is used in most of the transactions
B. Cheque house facilty is available
C. Rediscounting facility is available
D. All of the above
6 Heart of Financial Structure.
A. Commercial bank
B. Central bank
C. Consortium Banks
D. All these
7 Which is teh secondary function of commercial bank.
A. Accepting deposits
B. Advancing loans
C. Collection of cheques
D. All of these
8 Over draft facility is only provided on:
A. Current account
B. Fixed deposit
C. Saving account
D. All of the above
9 Because of high reserve ratio the credit creation power.
A. Constant
B. Increases
C. Decreases
D. Zero
10 Which type of loan is advanced by commercial banks for meeting day-to-day requirements:
A. Short term loan
B. Medium term loan
C. Long term loan
D. All of the above

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