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	In Pakistan before 1974 commercial Banks were formed under.	A. Co's act 1932 B. Co's Act 1913 C. Co's Act 1984 D. None of these
2	While depositing money in your a/c , you must use.	A. Pay - in slip B. Deposit slip C. Credit voucher D. All these
3	The current account nd saving account is also called	A. Sight deposits B. Chequing account C. Demand deposits D. All of these
4	Which affairs of Banks are revealed by articles of Banks.	A. Internal B. External C. Political D. Financial
5	For commercial banks deposits are.	A. Assets B. Liabilities C. Income D. Expense
6	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
7	Banking companies ordinace is	A. 1962 B. 1984 C. 1932 D. 1694
8	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
9	The commercial banks may be:	A. Scheduled B. Non-scheduled C. Foreign D. All of the above
10	A commercial bank keeps less cash reserve if:	A. Cheque is used in most of the transactions B. Cheque house facilty is available C. Rediscounting facility is available D. All of the above