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 of the following is meant for presenting a summary and balance of accounts of bank customers

Question # 2

The amount (capital) recieved by bank after issuing shares is called:

Question # 3

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

Question # 4

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

Question # 5

Over draft facility is only provided on:

Question # 6

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

Question # 7

Which amount is available for salaried and low income persons:

Question # 8

Present commercial Banks are teh Developed form of the business of.

Question # 9

Increase in ratio of cash reserve of scheduled banks.

Question # 10

Formula for calculating total credit creation:

Question # 11

Current account is suitable for

Question # 12

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

Question # 13

Quaid -e-Azam opened his bank account in.

Question # 14

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

Question # 15

A commercial bank keeps less cash reserve if:

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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 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
2 Over draft facility is only provided on:
A. Current account
B. Fixed deposit
C. Saving account
D. All of the above
3 Pay Order is issued by the bank when the debtor and creditor belongs to.
A. Two different cities
B. With in same city
C. Two different counties
D. All these
4 Habib Bank Limited was formed on.
A. 1941
B. 1931
C. 1951
D. 1961
5 Because of low Reserve Ratio the credit creation power.
A. Increases
B. Decreases
C. Constant
D. Zero
6 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
7 Polymer Currency includes
A. Debit card
B. ATM card
C. Credit card
D. All of these
8 Commercial bank advises its customers on
A. Household matters
B. Financial matters
C. Political matters
D. All the above
9 Which account is called non operating account.
A. Current account
B. Saving account
C. Fixed account
D. BBA account
10 The current account nd saving account is also called
A. Sight deposits
B. Chequing account
C. Demand deposits
D. All of these

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