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ICOM Part 2 English Medium Principles of Banking Chapter 2 MCQ's Test
Start Chapter 2 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test
00:00
Question # 1
The amount (capital) recieved by bank after issuing shares is called:
Question # 2
If a credit card is lost, what should the holder do.
Question # 3
Which of the folloiwng is a valid method of receivig payment from debtors.
Question # 4
Why commercial banks keep a certain amount of money as reserve
Question # 5
Because of high reserve ratio the credit creation power.
Question # 6
Present commercial Banks are teh Developed form of the business of.
Question # 7
The current account nd saving account is also called
Question # 8
While depositing money in your a/c , you must use.
Question # 9
If a credit is lost, what shuld the holder do.
Question # 10
Process of credit creation by
Question # 11
The amount in fixed deposit can be
Question # 12
To make payments of variable amounts to a stated A/c
Question # 13
Exchange banks are commonly known as.
Question # 14
Commercial bank create money.
Question # 15
Which bank does accept the deposits from public
ICOM Part 2 English Medium Principles of Banking Chapter 2 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test" MCQ`s Test
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Z Zeeshan Haider 02 - Jul - 2024 00 Min 09 Sec 15/15 -
U Unknown 31 - May - 2023 00 Min 11 Sec 15/15 -
T Teiyr 11 - Nov - 2025 02 Min 45 Sec 15/15 -
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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Commercial bank creates credit |
A. By discounting of bills
B. By investment
C. By advancing loans
D. All of the above
|
| 2 | Which one is not the feature of good Banking system. |
A. Economic development
B. Inflation
C. Larger Capital
D. TYrust of public
|
| 3 | Which of the following is a valid method of receiving payment from debtors. |
A. Debit card
B. Credit card
C. ATM card
D. Cash
|
| 4 | The part of deposits kept with the central bank is called: |
A. Cash reserve
B. Margin
C. Interest rate
D. All of the above
|
| 5 | United Bank Ltd. was formed on. |
A. 1959
B. 1949
C. 1694
D. 1957
|
| 6 | Which of the following is not an example of plastic money |
A. Debit card
B. ATM card
C. Currency notes
D. Credit card
|
| 7 | Bank draft is issued by the bank when the debtor and creditor belngs to. |
A. To differnet citiies/Country
B. With in same city
C. Two different families
D. All these
|
| 8 | Cash reserve of commercial Banks includes. |
A. Cash in hand
B. Cash with SBP
C. Balance with other banks
D. All the above
|
| 9 | Which of the following is a limitation in credit creation |
A. Initial deposit
B. Use of cheques
C. Use of currency
D. All of these
|
| 10 | 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
|
Test Questions