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ICOM Part 2 English Medium Principles of Banking Chapter 2 MCQ's Test
Start Chapter 2 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test
00:00
Question # 1
The documents which present a summary and balance of accounts of an A/C holder in bank.
Question # 2
If a credit card is lost, what should the holder do.
Question # 3
To make payments of variable amounts to a stated A/c
Question # 4
Because of high reserve ratio the credit creation power.
Question # 5
Process of credit creation by
Question # 6
Which of the following is a limitation in credit creation
Question # 7
What kind of power does commercial bank possess regarding credit creation
Question # 8
For its customers a commercial bank sells and buys:
Question # 9
Which of the following functions is performed by commercial bank
Question # 10
Habib Bank Limited was formed on.
Question # 11
Commercial bank creates credit
Question # 12
Exchange banks are commonly known as.
Question # 13
For commercial banks deposits are.
Question # 14
Commercial bank can be regarded by nature as
Question # 15
Formula for calculating total credit creation:
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 | Polymer Currency includes |
A. Debit card
B. ATM card
C. Credit card
D. All of these
|
| 2 | While depositing money in your a/c , you must use. |
A. Pay - in slip
B. Deposit slip
C. Credit voucher
D. All these
|
| 3 | Credit card payments are considered. |
A. Cash payments
B. Credit payments
C. Both these
D. None of these
|
| 4 | What kind of power does commercial bank possess regarding credit creation |
A. Unlimited power
B. Limited power
C. No power
D. All the above are possible
|
| 5 | Which is teh secondary function of commercial bank. |
A. Accepting deposits
B. Advancing loans
C. Collection of cheques
D. All of these
|
| 6 | The loans on which high rate of interest is charged : |
A. Medium term loans
B. Long term loans
C. Short term loans
D. Demand loans
|
| 7 | For its customers a commercial bank sells and buys: |
A. Foreign exchange
B. Property
C. Securities
D. All of the above
|
| 8 | Banking companies ordinace is |
A. 1962
B. 1984
C. 1932
D. 1694
|
| 9 | To make payments of variable amounts to a stated A/c |
A. Direct Debit
B. Standing order
C. Inter bank transfer
D. Clearing House system
|
| 10 | Commercial bank creates credit |
A. By discounting of bills
B. By investment
C. By advancing loans
D. All of the above
|
Test Questions