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

Which affairs of Banks are revealed by articles of Banks.

Question # 2

Which of the following functions is performed by commercial bank

Question # 3

Heart of Financial Structure.

Question # 4

Which of the following is a valid method of receiving payment from debtors.

Question # 5

Current account is suitable for

Question # 6

The relation ship between Cash Reserve and credit creation is.

Question # 7

Which type of loan is advanced by commercial banks for meeting day-to-day requirements:

Question # 8

Which amount is available for salaried and low income persons:

Question # 9

In Pakistan the bank nationalized Act is.

Question # 10

Commercial bank can be

Question # 11

The part of deposits kept with the central bank is called:

Question # 12

In Pakistan before 1974 commercial Banks were formed under.

Question # 13

The loan which can be demanded by bank at anytime:

Question # 14

Commercial bank is called:

Question # 15

Because of low 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 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
2 Commercial bank is called:
A. Banker's bank
B. Bank of public
C. Custodian of foreign exchange
D. Banker to the Government
3 The amount in fixed deposit can be
A. Deposited many times
B. Deposited only once
C. Withdrawn many times
D. None of the above
4 Which is the Primary functionof a commercial bank.
A. Issue Notes
B. Accepting Deposits
C. Credit creation
D. None of these
5 Which is teh secondary function of commercial bank.
A. Accepting deposits
B. Advancing loans
C. Collection of cheques
D. All of these
6 Decreas in cash reserve ratio of scheduled Banks.
A. No effect
B. Decrease in credit creation
C. Increase in credit creation
D. Stope credit creation
7 Quaid -e- Azam opened his bank account in.
A. 1940
B. 1945
C. 1957
D. 1987
8 Heart of Financial Structure.
A. Commercial bank
B. Central bank
C. Consortium Banks
D. All these
9 the card which can be used to pay for goods purchased.
A. ID card
B. Credit card
C. Chrage card
D. Gurantee card
10 Which bank does accept the deposits from public
A. Commercial bank
B. Central bank
C. Foreign exchange bank
D. All the above

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  • Muhammad Tayyab Azam

    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

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