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

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Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test

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Question # 1

Commercial bank is called:

Question # 2

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

Question # 3

United Bank Ltd. was formed on.

Question # 4

Commercial bank create money.

Question # 5

The current account nd saving account is also called

Question # 6

The loans on which high rate of interest is charged :

Question # 7

the card which can be used to pay for goods purchased.

Question # 8

In Pakistan the bank nationalized Act is.

Question # 9

Polymer Currency includes

Question # 10

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

Question # 11

Because of low Reserve Ratio the credit creation power.

Question # 12

Decreas in cash reserve ratio of scheduled Banks.

Question # 13

Pay Order is issued by the bank when the debtor and creditor belongs to.

Question # 14

Which of the following is meant for presenting a summary and balance of accounts of bank customers

Question # 15

Heart of Financial Structure.

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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 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
2 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
3 Present commercial Banks are teh Developed form of the business of.
A. Money Lenders
B. gold smiths
C. Money changers
D. Merchants
4 Polymer Currency includes
A. Debit card
B. ATM card
C. Credit card
D. All of these
5 Because of high reserve ratio the credit creation power.
A. Constant
B. Increases
C. Decreases
D. Zero
6 The amount in fixed deposit can be
A. Deposited many times
B. Deposited only once
C. Withdrawn many times
D. None of the above
7 Commercial bank can be
A. Scheduled
B. Foreign
C. Non Sheduled
D. All these
8 While depositing money in your a/c , you must use.
A. Pay - in slip
B. Deposit slip
C. Credit voucher
D. All these
9 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
10 Exchange banks are commonly known as.
A. Foreign bank
B. Central bank
C. Consortium Bank
D. None of these

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  • Muhammad Tayyab Azam

    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

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