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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
For commercial banks " Advancing loans' are.
Question # 2
Why commercial banks keep a certain amount of money as reserve
Question # 3
The higer the cash reserve ratio.
Question # 4
A commercial bank keeps less cash reserve if:
Question # 5
United Bank Ltd. was formed on.
Question # 6
Banking companies ordinace is
Question # 7
Which amount is available for salaried and low income persons:
Question # 8
Commercial bank can be regarded by nature as
Question # 9
Commercial bank creates the following Money
Question # 10
If a credit card is lost, what should the holder do.
Question # 11
Which is the secondary function of a commercial bank.
Question # 12
Because of low Reserve Ratio the credit creation power.
Question # 13
Formula for calculating total credit creation:
Question # 14
The primary function of commercial bank are
Question # 15
Because of high reserve ratio the credit creation power.
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 | Commercial bank is called: |
A. Banker's bank
B. Bank of public
C. Custodian of foreign exchange
D. Banker to the Government
|
| 2 | Process of credit creation by |
A. Central bank
B. Commercial banks
C. Both of these
D. None of these
|
| 3 | 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
|
| 4 | Which amount is available for salaried and low income persons: |
A. Current account
B. Saving account
C. Fixed deposit
D. All of the above
|
| 5 | Increase in ratio of cash reserve of scheduled banks. |
A. Increase of credit creation
B. Stop credit creation
C. Decreased in credit creation
D. None of these
|
| 6 | Which of the following is a valid method of receiving payment from debtors. |
A. Debit card
B. Credit card
C. ATM card
D. Cash
|
| 7 | 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
|
| 8 | 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
|
| 9 | Habib Bank Limited was formed on. |
A. 1941
B. 1931
C. 1951
D. 1961
|
| 10 | What kind of power does commercial bank possess regarding credit creation |
A. Unlimited power
B. Limited power
C. No power
D. All the above are possible
|
Test Questions