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

For its customers a commercial bank sells and buys:

Question # 2

Which of the following is a limitation in credit creation

Question # 3

The documents which present a summary and balance of accounts of an A/C holder in bank.

Question # 4

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

Question # 5

The forms of cash reserve of commercial bank:

Question # 6

If a credit card is lost, what should the holder do.

Question # 7

Which account is called non operating account.

Question # 8

For more credit creation a bank must have.

Question # 9

The loan which can be demanded by bank at anytime:

Question # 10

Which is the secondary function of a commercial bank.

Question # 11

Process of credit creation by

Question # 12

Heart of Financial Structure.

Question # 13

Commercial bank can be regarded by nature as

Question # 14

In Pakistan the bank nationalized Act is.

Question # 15

Which is teh secondary function of commercial bank.

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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 Which bank does keep the precious articles of public into its custody
A. Central bank
B. Industrial bank
C. Commercial bank
D. None of these
2 Which bank does discount the bills of public
A. Commercial bank
B. Agricultural bank
C. Industrial bank
D. All of the above
3 While depositing money in your a/c , you must use.
A. Pay - in slip
B. Deposit slip
C. Credit voucher
D. All these
4 Polymer Currency includes
A. Debit card
B. ATM card
C. Credit card
D. All of these
5 Quaid -e- Azam opened his bank account in.
A. 1940
B. 1945
C. 1957
D. 1987
6 For commercial baks deposits are.
A. Assets
B. Liabilities
C. Income
D. Expense
7 Which of the following is meant for presenting a summary and balance of accounts of bank customers
A. Bank statement
B. Balance sheet
C. Pass book
D. Prospectus
8 Habib Bank Limited was formed on.
A. 1941
B. 1931
C. 1951
D. 1961
9 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
10 Because of low Reserve Ratio the credit creation power.
A. Increases
B. Decreases
C. Constant
D. Zero

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