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

Which one is not the feature of good Banking system.

Question # 2

Quaid -e- Azam opened his bank account in.

Question # 3

United Bank Ltd. was formed on.

Question # 4

Commercial bank creates credit

Question # 5

Which of the following is not an example of plastic money

Question # 6

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

Question # 7

Polymer Currency includes

Question # 8

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

Question # 9

Which of the following is a limitation in credit creation.

Question # 10

The relation ship between Cash Reserve and credit creation is.

Question # 11

For commercial banks " Advancing loans' are.

Question # 12

The loan which can be demanded by bank at anytime:

Question # 13

The part of deposits kept with the central bank is called:

Question # 14

While deposting money in your a/c you must use.

Question # 15

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

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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 Which bank does accept the deposits from public
A. Commercial bank
B. Central bank
C. Foreign exchange bank
D. All the above
2 Commercial bank advises its customers on
A. Household matters
B. Financial matters
C. Political matters
D. All the above
3 The relation ship between Cash Reserve and credit creation is.
A. No relationship
B. Direct
C. Inverse
D. One way
4 The loan which can be demanded by bank at anytime:
A. Overdraft
B. Demand loans
C. Bills of exchange
D. All of the above
5 Because of low Reserve Ratio the credit creation power.
A. Increases
B. Decreases
C. Constant
D. Zero
6 Exchange banks are commonly known as.
A. Foreign bank
B. Central bank
C. Consortium Bank
D. None of these
7 For its customers a commercial bank sells and buys:
A. Foreign exchange
B. Property
C. Securities
D. All of the above
8 Why commercial banks keep a certain amount of money as reserve
A. Meeting the requirements of customers
B. Meeting the requirements of central bank
C. Acquiring the satisfaction of having cash
D. Expanding the banking business
9 Which of the following is a valid method of receiving payment from debtors.
A. Debit card
B. Credit card
C. ATM card
D. Cash
10 Over draft facility is only provided on:
A. Current account
B. Fixed deposit
C. Saving account
D. All of the above

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