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ICOM Part 2 English Medium Principles of Banking Chapter 2 MCQ's Test
Start Chapter 2 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test
00:00
Question # 1
Commercial bank can be regarded by nature as
Question # 2
Which amount is available for salaried and low income persons:
Question # 3
Which bank does keep the precious articles of public into its custody
Question # 4
Which type of loan is advanced by commercial banks for meeting day-to-day requirements:
Question # 5
United Bank Ltd. was formed on.
Question # 6
Which of the folloiwng is a valid method of receivig payment from debtors.
Question # 7
A commercial bank keeps less cash reserve if:
Question # 8
Which of the following is a limitation in credit creation.
Question # 9
The current account nd saving account is also called
Question # 10
Which is the Primary functionof a commercial bank.
Question # 11
The part of deposits kept with the central bank is called:
Question # 12
If the rate of interest (profit) on the bank deposits is higher then the banks keep:
Question # 13
In Pakistan before 1974 commercial Banks were formed under.
Question # 14
Which of the followig is not an example of Plastic money.
Question # 15
For its customers a commercial bank sells and buys:
ICOM Part 2 English Medium Principles of Banking Chapter 2 MCQ's Test
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Z Zeeshan Haider 02 - Jul - 2024 00 Min 09 Sec 15/15 -
U Unknown 31 - May - 2023 00 Min 11 Sec 15/15 -
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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Quaid -e- Azam opened his bank account in. |
A. 1940
B. 1945
C. 1957
D. 1987
|
| 2 | For more credit creation a bank must have. |
A. More demand deposits
B. More fixed deposits
C. More time deposited
D. All of these
|
| 3 | 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
|
| 4 | To make regular payments of a fixed amount to a stated A/c |
A. Direct Debit
B. Standing order
C. Inter bank transfer
D. All of these
|
| 5 | Polymer Currency includes |
A. Debit card
B. ATM card
C. Credit card
D. All of these
|
| 6 | Exchange banks are commonly known as. |
A. Foreign bank
B. Central bank
C. Consortium Bank
D. None of these
|
| 7 | Which of the following is not an example of plastic money |
A. Debit card
B. ATM card
C. Currency notes
D. Credit card
|
| 8 | Commercial bank is called: |
A. Banker's bank
B. Bank of public
C. Custodian of foreign exchange
D. Banker to the Government
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| 9 | Why commercial banks keep a certain amount of money as reserve |
A. Meeting the requirements of customers
B. Meeting the requirements of central bank
C. Acquiring the satisfaction of having cash
D. Expanding the banking business
|
| 10 | Commercial bank create money. |
A. Metallic
B. Credit
C. Paper
D. All these
|
Test Questions