12th class Principle of Banking chapter 2 online mcq test with answers for ICom part 2 Principle of Banking Chapter 2 (Commercial Bank)

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Sr.#	Question	Answer
1	Credit card payments are considered.	A. Cash payments B. Credit payments C. Both these D. None of these
2	If the rate of interest (profit) on the bank deposits is higher then the banks keep:	A. Less cash reserve B. Less margin rate C. More cash reserve D. None of the above
3	For more credit creation a bank must have.	A. More demand deposits B. More fixed deposits C. More time deposited D. All of these
4	Which one is not the feature of good Banking system.	A. Economic development B. Inflation C. Larger Capital D. TYrust of public
5	The important (basic) kinds of accounts opened in commercial banks are:	A. Two B. Three C. Four D. countless
6	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
7	The part of deposits kept with the central bank is called:	A. Cash reserve B. Margin C. Interest rate D. All of the above
8	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
9	If a credit card is lost, what should the holder do.	A. Report to employer B. Report to bank C. Report to insurance co. D. All the above
10	Commercial bank can be regarded by nature as	A. Depository bank B. Central bank C. Investment bank D. None of the above