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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  • Total Questions15

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

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Question # 1

Commercial bank creates the following Money

Question # 2

Which affairs of Banks are revealed by articles of Banks.

Question # 3

Which amount is available for salaried and low income persons:

Question # 4

To make regular payments of a fixed amount to a stated A/c

Question # 5

Why commercial banks keep a certain amount of money as reserve

Question # 6

Commercial bank is called:

Question # 7

The primary function of commercial bank are

Question # 8

Commercial bank can be

Question # 9

For more credit creation a bank must have.

Question # 10

The current account nd saving account is also called

Question # 11

The life blood of acomemrcial bank.

Question # 12

The forms of cash reserve of commercial bank:

Question # 13

If the rate of interest (profit) on the bank deposits is higher then the banks keep:

Question # 14

Which bank does accept the deposits from public

Question # 15

Which of the following is a valid method of receiving payment from debtors.

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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 While deposting money in your a/c you must use.
A. Pay in slip
B. Deposit slip
C. Credit voucher
D. All of these
2 For commercial baks deposits are.
A. Assets
B. Liabilities
C. Income
D. Expense
3 The kind of loan according to issue
A. Cash credit
B. Discounting of bill
C. Mortgage loan
D. All of the above
4 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
5 Which is the Primary functionof a commercial bank.
A. Issue Notes
B. Accepting Deposits
C. Credit creation
D. None of these
6 The commercial banks may be:
A. Scheduled
B. Non-scheduled
C. Foreign
D. All of the above
7 Which of the following is a limitation in credit creation.
A. Initial deposit
B. Use of cheques
C. Use currency
D. all of these
8 Process of credit creation by
A. Central bank
B. Commercial banks
C. Both of these
D. None of these
9 Credit card payments are considered.
A. Cash payments
B. Credit payments
C. Both these
D. None of these
10 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

Test Questions

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  • Muhammad Tayyab Azam

    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

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