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

  • Time Allowed20

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

00:00
Question # 1

Commercial bank can be regarded by nature as

Question # 2

Current account is suitable for

Question # 3

To make regular payments of a fixed amount to a stated A/c

Question # 4

Process of credit creation by

Question # 5

Which bank does keep the precious articles of public into its custody

Question # 6

The current account nd saving account is also called

Question # 7

The kind of loan according to issue

Question # 8

Which amount is available for salaried and low income persons:

Question # 9

For commercial banks " Advancing loans' are.

Question # 10

To make payments of variable amounts to a stated A/c

Question # 11

Which of the followig is not an example of Plastic money.

Question # 12

A commercial bank keeps less cash reserve if:

Question # 13

Commercial bank can be

Question # 14

Credit card payments are considered.

Question # 15

Commercial bank create money.

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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 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
2 Over draft facility is only provided on:
A. Current account
B. Fixed deposit
C. Saving account
D. All of the above
3 In Pakistan the bank nationalized Act is.
A. Act 1956
B. Act 1932
C. Act 1962
D. Act 1974
4 While deposting money in your a/c you must use.
A. Pay in slip
B. Deposit slip
C. Credit voucher
D. All of these
5 The current account nd saving account is also called
A. Sight deposits
B. Chequing account
C. Demand deposits
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. 1940
B. 1945
C. 1957
D. 1987
8 Process of credit creation by
A. Central bank
B. Commercial banks
C. Both of these
D. None of these
9 Polymer Currency includes
A. Debit card
B. ATM card
C. Credit card
D. All of these
10 For more credit creation a bank must have.
A. More demand deposits
B. More fixed deposits
C. More time deposited
D. All of these

Test Questions

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  • Muhammad Tayyab Azam

    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

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