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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
Quaid -e-Azam opened his bank account in.
Question # 2
Which affairs of Banks are revealed by articles of Banks.
Question # 3
While deposting money in your a/c you must use.
Question # 4
Pay Order is issued by the bank when the debtor and creditor belongs to.
Question # 5
Exchange banks are commonly known as.
Question # 6
Banking companies ordinace is
Question # 7
Commercial bank create money.
Question # 8
Commercial bank is called:
Question # 9
Which one is not the feature of good Banking system.
Question # 10
Which account is called non operating account.
Question # 11
Commercial bank creates credit
Question # 12
In Pakistan the bank nationalized Act is.
Question # 13
Increase in ratio of cash reserve of scheduled banks.
Question # 14
The loans on which high rate of interest is charged :
Question # 15
Commercial bank can be
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 | Commercial bank creates credit |
A. By discounting of bills
B. By investment
C. By advancing loans
D. All of the above
|
| 2 | Current account is suitable for |
A. Capitalists
B. Salaried persons
C. Business community
D. None of the above
|
| 3 | Which amount is available for salaried and low income persons: |
A. Current account
B. Saving account
C. Fixed deposit
D. All of the above
|
| 4 | Which of the following functions is performed by commercial bank |
A. Issuance of currency notes
B. Credit creation
C. Rediscounting of bills
D. Preparation of monetary policy
|
| 5 | Which of the following is a valid method of receiving payment from debtors. |
A. Debit card
B. Credit card
C. ATM card
D. Cash
|
| 6 | Over draft facility is only provided on: |
A. Current account
B. Fixed deposit
C. Saving account
D. All of the above
|
| 7 | Process of credit creation by |
A. Central bank
B. Commercial banks
C. Both of these
D. None of these
|
| 8 | 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
|
| 9 | Heart of Financial Structure. |
A. Commercial bank
B. Central bank
C. Consortium Banks
D. All these
|
| 10 | Which of the folloiwng is a valid method of receivig payment from debtors. |
A. Debit card
B. Credit card
C. ATM card
D. Cash
|
Test Questions