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	For its customers a commercial bank sells and buys:	A. Foreign exchange B. Property C. Securities D. All of the above
2	Which account is called non operating account.	A. Current account B. Saving account C. Fixed account D. BBA account
3	Which bank does discount the bills of public	A. Commercial bank B. Agricultural bank C. Industrial bank D. All of the above
4	Which of the following is a valid method of receiving payment from debtors.	A. Debit card B. Credit card C. ATM card D. Cash
5	The current account nd saving account is also called	A. Sight deposits B. Chequing account C. Demand deposits D. All of these
6	Which of the following is meant for presenting a summary and balance of accounts of bank customers	A. Bank statement B. Balance sheet C. Pass book D. Prospectus
7	Commercial bank is called:	A. Banker's bank B. Bank of public C. Custodian of foreign exchange D. Banker to the Government
8	Exchange banks are commonly known as.	A. Foreign bank B. Central bank C. Consortium Bank D. None of these
9	Cash reserve of commercial Banks includes.	A. Cash in hand B. Cash with SBP C. Balance with other banks D. All the above
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