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

Process of credit creation by

Question # 2

Which of the following is not an example of plastic money

Question # 3

Which affairs of Banks are revealed by articles of Banks.

Question # 4

For commercial banks deposits are.

Question # 5

Which of the following is a limitation in credit creation.

Question # 6

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

Question # 7

For more credit creation a bank must have.

Question # 8

Commercial bank create money.

Question # 9

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

Question # 10

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

Question # 11

Quaid -e- Azam opened his bank account in.

Question # 12

In Pakistan the bank nationalized Act is.

Question # 13

Bank draft is issued by the bank when the debtor and creditor belngs to.

Question # 14

Decreas in cash reserve ratio of scheduled Banks.

Question # 15

Because of high reserve ratio the credit creation power.

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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 is lost, what shuld the holder do.
A. Report to employer
B. report to bank
C. Reort to insurance co.
D. All the above
2 For commercial banks deposits are.
A. Assets
B. Liabilities
C. Income
D. Expense
3 The loan which can be demanded by bank at anytime:
A. Overdraft
B. Demand loans
C. Bills of exchange
D. All of the above
4 Commercial bank can be
A. Scheduled
B. Foreign
C. Non Sheduled
D. All these
5 Bank draft is issued by the bank when the debtor and creditor belngs to.
A. To differnet citiies/Country
B. With in same city
C. Two different families
D. All these
6 Commercial bank can be regarded by nature as
A. Depository bank
B. Central bank
C. Investment bank
D. None of the above
7 Which is teh secondary function of commercial bank.
A. Accepting deposits
B. Advancing loans
C. Collection of cheques
D. All of these
8 Commercial bank creates the following Money
A. Metallic
B. Credit
C. Paper
D. All the above
9 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
10 United Bank Ltd. was formed on.
A. 1959
B. 1949
C. 1694
D. 1957

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