12th class Principle of Banking chapter 2 online mcq test with answers for ICom part 2 Principle of Banking Chapter 2 (Commercial Bank)

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Sr.#	Question	Answer
1	Commercial bank can be regarded by nature as	A. Depository bank B. Central bank C. Investment bank D. None of the above
2	To make regular payments of a fixed amount to a stated A/c	A. Direct Debit B. Standing order C. Inter bank transfer D. All of these
3	Which affairs of Banks are revealed by articles of Banks.	A. Internal B. External C. Political D. Financial
4	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
5	In Pakistan the bank nationalized Act is.	A. Act 1956 B. Act 1932 C. Act 1962 D. Act 1974
6	The primary function of commercial bank are	A. Accepting deposits B. Advancing loans C. Both a and b D. None of these
7	The loan which can be demanded by bank at anytime:	A. Overdraft B. Demand loans C. Bills of exchange D. All of the above
8	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
9	Over draft facility is only provided on:	A. Current account B. Fixed deposit C. Saving account D. All of the above
10	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