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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
Why commercial banks keep a certain amount of money as reserve
Question # 2
Exchange banks are commonly known as.
Question # 3
Because of low Reserve Ratio the credit creation power.
Question # 4
Pay Order is issued by the bank when the debtor and creditor belongs to.
Question # 5
Which account is called non operating account.
Question # 6
What kind of power does commercial bank possess regarding credit creation
Question # 7
Which type of loan is advanced by commercial banks for meeting day-to-day requirements:
Question # 8
The part of deposits kept with the central bank is called:
Question # 9
The kind of loan according to issue
Question # 10
The primary function of commercial bank are
Question # 11
Commercial bank can be
Question # 12
The relation ship between Cash Reserve and credit creation is.
Question # 13
the card which can be used to pay for goods purchased.
Question # 14
Formula for calculating total credit creation:
Question # 15
Bank draft is issued by the bank when the debtor and creditor belngs to.
ICOM Part 2 English Medium Principles of Banking Chapter 2 MCQ's Test
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| Sr. # | Question | Answer |
|---|---|---|
| 1 | Polymer Currency includes |
A. Debit card B. ATM card C.Credit card D. All of these |
| 2 | Which amount is available for salaried and low income persons: |
A. Current account B. Saving account C.Fixed deposit D. All of the above |
| 3 | For commercial baks deposits are. |
A. Assets B. Liabilities C.Income D. Expense |
| 4 | Quaid -e-Azam opened his bank account in. |
A. ABL B. MCB C.HBL D. NBP |
| 5 | Cash reserve of commercial Banks includes. |
A. Cash in hand B. Cash with SBP C.Balance with other banks D. All the above |
| 6 | Commercial bank is called: |
A. Banker's bank B. Bank of public C.Custodian of foreign exchange D. Banker to the Government |
| 7 | The important (basic) kinds of accounts opened in commercial banks are: |
A. Two B. Three C.Four D. countless |
| 8 | United Bank Ltd. was formed on. |
A. 1959 B. 1949 C.1694 D. 1957 |
| 9 | Exchange banks are commonly known as. |
A. Foreign bank B. Central bank C.Consortium Bank D. None of these |
| 10 | 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 |
| 11 | The amount in fixed deposit can be |
A. Deposited many times B. Deposited only once C.Withdrawn many times D. None of the above |
| 12 | Which of the following is a limitation in credit creation |
A. Initial deposit B. Use of cheques C.Use of currency D. All of these |
| 13 | Which of the following is not an example of plastic money |
A. Debit card B. ATM card C.Currency notes D. Credit card |
| 14 | Which of the following is a limitation in credit creation. |
A. Initial deposit B. Use of cheques C.Use currency D. all of these |
| 15 | The relation ship between Cash Reserve and credit creation is. |
A. No relationship B. Direct C.Inverse D. One way |
Test Questions
