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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
Current account is suitable for
Question # 2
For commercial baks deposits are.
Question # 3
In Pakistan the bank nationalized Act is.
Question # 4
Which account is called non operating account.
Question # 5
Exchange banks are commonly known as.
Question # 6
The loan which can be demanded by bank at anytime:
Question # 7
What kind of power does commercial bank possess regarding credit creation
Question # 8
Which is the secondary function of a commercial bank.
Question # 9
For commercial banks " Advancing loans' are.
Question # 10
United Bank Ltd. was formed on.
Question # 11
Which is the Primary functionof a commercial bank.
Question # 12
Which of the following is a limitation in credit creation.
Question # 13
Which of the following is a valid method of receiving payment from debtors.
Question # 14
Which bank does keep the precious articles of public into its custody
Question # 15
A commercial bank keeps less cash reserve if:
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 of the folloiwng is a valid method of receivig payment from debtors. |
A. Debit card
B. Credit card
C. ATM card
D. Cash
|
| 2 | In Pakistan the bank nationalized Act is. |
A. Act 1956
B. Act 1932
C. Act 1962
D. Act 1974
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| 3 | Decreas in cash reserve ratio of scheduled Banks. |
A. No effect
B. Decrease in credit creation
C. Increase in credit creation
D. Stope credit creation
|
| 4 | Quaid -e-Azam opened his bank account in. |
A. ABL
B. MCB
C. HBL
D. NBP
|
| 5 | 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
|
| 6 | The primary function of commercial bank are |
A. Accepting deposits
B. Advancing loans
C. Both a and b
D. None of these
|
| 7 | Formula for calculating total credit creation: |
A. New deposit x 1/Reserve ratio
B. New deposit x Reserve ratio/1
C. Reserve ratio x 1/New deposit
D. None of the above
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| 8 | Because of low Reserve Ratio the credit creation power. |
A. Increases
B. Decreases
C. Constant
D. Zero
|
| 9 | 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
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| 10 | The part of deposits kept with the central bank is called: |
A. Cash reserve
B. Margin
C. Interest rate
D. All of the above
|
Test Questions