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

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Question # 1

Commercial bank can be regarded by nature as

Question # 2

While deposting money in your a/c you must use.

Question # 3

Commercial bank can be

Question # 4

To make payments of variable amounts to a stated A/c

Question # 5

Quaid -e- Azam opened his bank account in.

Question # 6

Commercial bank create money.

Question # 7

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

Question # 8

Which amount is available for salaried and low income persons:

Question # 9

The loan which can be demanded by bank at anytime:

Question # 10

The primary function of commercial bank are

Question # 11

Process of credit creation by

Question # 12

What kind of power does commercial bank possess regarding credit creation

Question # 13

United Bank Ltd. was formed on.

Question # 14

Increase in ratio of cash reserve of scheduled banks.

Question # 15

The relation ship between Cash Reserve and credit creation is.

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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 The amount in fixed deposit can be
A. Deposited many times
B. Deposited only once
C. Withdrawn many times
D. None of the above
2 Because of high reserve ratio the credit creation power.
A. Constant
B. Increases
C. Decreases
D. Zero
3 The amount (capital) recieved by bank after issuing shares is called:
A. Reserve capital
B. Paid up capital
C. Autherized capital
D. Issued capital
4 Why commercial banks keep a certain amount of money as reserve
A. Meeting the requirements of customers
B. Meeting the requirements of central bank
C. Acquiring the satisfaction of having cash
D. Expanding the banking business
5 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
6 Which affairs of Banks are revealed by articles of Banks.
A. Internal
B. External
C. Political
D. Financial
7 Which is teh secondary function of commercial bank.
A. Accepting deposits
B. Advancing loans
C. Collection of cheques
D. All of these
8 The part of deposits kept with the central bank is called:
A. Cash reserve
B. Margin
C. Interest rate
D. All of the above
9 Current account is suitable for
A. Capitalists
B. Salaried persons
C. Business community
D. None of the above
10 Quaid -e-Azam opened his bank account in.
A. ABL
B. MCB
C. HBL
D. NBP

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