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

The documents which present a summary and balance of accounts of an A/C holder in bank.

Question # 2

Which of the folloiwng is a valid method of receivig payment from debtors.

Question # 3

Quaid -e- Azam opened his bank account in.

Question # 4

Banking companies ordinace is

Question # 5

The current account nd saving account is also called

Question # 6

Commercial bank can be

Question # 7

Because of high reserve ratio the credit creation power.

Question # 8

Commercial bank can be regarded by nature as

Question # 9

The higer the cash reserve ratio.

Question # 10

For commercial banks deposits are.

Question # 11

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

Question # 12

What kind of power does commercial bank possess regarding credit creation

Question # 13

Which is the Primary functionof a commercial bank.

Question # 14

The relation ship between Cash Reserve and credit creation is.

Question # 15

The commercial banks may be:

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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 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
2 Credit card payments are considered.
A. Cash payments
B. Credit payments
C. Both these
D. None of these
3 For its customers a commercial bank sells and buys:
A. Foreign exchange
B. Property
C. Securities
D. All of the above
4 Which of the folloiwng is a valid method of receivig payment from debtors.
A. Debit card
B. Credit card
C. ATM card
D. Cash
5 For more credit creation a bank must have.
A. More demand deposits
B. More fixed deposits
C. More time deposited
D. All 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 Quaid -e-Azam opened his bank account in.
A. ABL
B. MCB
C. HBL
D. NBP
8 The relation ship between Cash Reserve and credit creation is.
A. No relationship
B. Direct
C. Inverse
D. One way
9 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
10 Current account is suitable for
A. Capitalists
B. Salaried persons
C. Business community
D. None of the above

Test Questions

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  • Muhammad Tayyab Azam

    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

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