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

If a credit card is lost, what should the holder do.

Question # 2

The amount in fixed deposit can be

Question # 3

Which one is not the feature of good Banking system.

Question # 4

The loans on which high rate of interest is charged :

Question # 5

If a credit is lost, what shuld the holder do.

Question # 6

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

Question # 7

Which bank does accept the deposits from public

Question # 8

The current account nd saving account is also called

Question # 9

United Bank Ltd. was formed on.

Question # 10

Which of the following functions is performed by commercial bank

Question # 11

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

Question # 12

If the rate of interest (profit) on the bank deposits is higher then the banks keep:

Question # 13

The forms of cash reserve of commercial bank:

Question # 14

Commercial bank advises its customers on

Question # 15

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

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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 In Pakistan the bank nationalized Act is.
A. Act 1956
B. Act 1932
C. Act 1962
D. Act 1974
2 Which of the following is a valid method of receiving payment from debtors.
A. Debit card
B. Credit card
C. ATM card
D. Cash
3 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
4 The current account nd saving account is also called
A. Sight deposits
B. Chequing account
C. Demand deposits
D. All of these
5 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
6 Quaid -e- Azam opened his bank account in.
A. 1940
B. 1945
C. 1957
D. 1987
7 The relation ship between Cash Reserve and credit creation is.
A. No relationship
B. Direct
C. Inverse
D. One way
8 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
9 If a credit is lost, what shuld the holder do.
A. Report to employer
B. report to bank
C. Reort to insurance co.
D. All the above
10 The documents which present a summary and balance of accounts of an A/C holder in bank.
A. Balance sheet
B. Pass book
C. Prospectus
D. Bank Staement

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