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

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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 important (basic) kinds of accounts opened in commercial banks are:

Question # 3

The loan which can be demanded by bank at anytime:

Question # 4

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

Question # 5

The primary function of commercial bank are

Question # 6

United Bank Ltd. was formed on.

Question # 7

Which of the following is not an example of plastic money

Question # 8

For commercial baks deposits are.

Question # 9

Which affairs of Banks are revealed by articles of Banks.

Question # 10

Current account is suitable for

Question # 11

Which of the folloiwng is a valid method of receivig payment from debtors.

Question # 12

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

Question # 13

Banking companies ordinace is

Question # 14

The higer the cash reserve ratio.

Question # 15

Increase in ratio of cash reserve of scheduled banks.

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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 For its customers a commercial bank sells and buys:
A. Foreign exchange
B. Property
C. Securities
D. All of the above
2 Because of low Reserve Ratio the credit creation power.
A. Increases
B. Decreases
C. Constant
D. Zero
3 Because of high reserve ratio the credit creation power.
A. Constant
B. Increases
C. Decreases
D. Zero
4 Present commercial Banks are teh Developed form of the business of.
A. Money Lenders
B. gold smiths
C. Money changers
D. Merchants
5 The current account nd saving account is also called
A. Sight deposits
B. Chequing account
C. Demand deposits
D. All of these
6 Commercial bank advises its customers on
A. Household matters
B. Financial matters
C. Political matters
D. All the above
7 Which bank does discount the bills of public
A. Commercial bank
B. Agricultural bank
C. Industrial bank
D. All of the above
8 Over draft facility is only provided on:
A. Current account
B. Fixed deposit
C. Saving account
D. All of the above
9 The primary function of commercial bank are
A. Accepting deposits
B. Advancing loans
C. Both a and b
D. None of these
10 Which type of loan is advanced by commercial banks for meeting day-to-day requirements:
A. Short term loan
B. Medium term loan
C. Long term loan
D. All of the above

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