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

  • Time Allowed20

Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test

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Question # 1

If the rate of interest (profit) on the bank deposits is higher then the banks keep:

Question # 2

For its customers a commercial bank sells and buys:

Question # 3

In Pakistan before 1974 commercial Banks were formed under.

Question # 4

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

Question # 5

While depositing money in your a/c , you must use.

Question # 6

For commercial banks " Advancing loans' are.

Question # 7

Quaid -e-Azam opened his bank account in.

Question # 8

The loans on which high rate of interest is charged :

Question # 9

The higer the cash reserve ratio.

Question # 10

Formula for calculating total credit creation:

Question # 11

Which is the Primary functionof a commercial bank.

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

Heart of Financial Structure.

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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 While depositing money in your a/c , you must use.
A. Pay - in slip
B. Deposit slip
C. Credit voucher
D. All these
2 The higer the cash reserve ratio.
A. Credit creation zero
B. Credit creation constant
C. Higher the credit creation
D. Lower the credit creation
3 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
4 The kind of loan according to issue
A. Cash credit
B. Discounting of bill
C. Mortgage loan
D. All of the above
5 Exchange banks are commonly known as.
A. Foreign bank
B. Central bank
C. Consortium Bank
D. None of these
6 the card which can be used to pay for goods purchased.
A. ID card
B. Credit card
C. Chrage card
D. Gurantee card
7 Which bank does keep the precious articles of public into its custody
A. Central bank
B. Industrial bank
C. Commercial bank
D. None of these
8 The primary function of commercial bank are
A. Accepting deposits
B. Advancing loans
C. Both a and b
D. None of these
9 Process of credit creation by
A. Central bank
B. Commercial banks
C. Both of these
D. None of these
10 If a credit is lost, what shuld the holder do.
A. Report to employer
B. report to bank
C. Reort to insurance co.
D. All the above

Test Questions

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  • Muhammad Tayyab Azam

    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

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