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

Quaid -e- Azam opened his bank account in.

Question # 2

United Bank Ltd. was formed on.

Question # 3

Which type of loan is advanced by commercial banks for meeting day-to-day requirements:

Question # 4

Which of the following is not an example of plastic money

Question # 5

The relation ship between Cash Reserve and credit creation is.

Question # 6

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

Question # 7

Current account is suitable for

Question # 8

Polymer Currency includes

Question # 9

Heart of Financial Structure.

Question # 10

Exchange banks are commonly known as.

Question # 11

Commercial bank can be

Question # 12

For commercial banks deposits are.

Question # 13

Which amount is available for salaried and low income persons:

Question # 14

In Pakistan the bank nationalized Act is.

Question # 15

Commercial bank creates credit

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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 Which affairs of Banks are revealed by articles of Banks.
A. Internal
B. External
C. Political
D. Financial
2 Quaid -e-Azam opened his bank account in.
A. ABL
B. MCB
C. HBL
D. NBP
3 Credit card payments are considered.
A. Cash payments
B. Credit payments
C. Both these
D. None of these
4 Which bank does discount the bills of public
A. Commercial bank
B. Agricultural bank
C. Industrial bank
D. All of the above
5 Which bank does keep the precious articles of public into its custody
A. Central bank
B. Industrial bank
C. Commercial bank
D. None of these
6 The part of deposits kept with the central bank is called:
A. Cash reserve
B. Margin
C. Interest rate
D. All of the above
7 Polymer Currency includes
A. Debit card
B. ATM card
C. Credit card
D. All of these
8 The primary function of commercial bank are
A. Accepting deposits
B. Advancing loans
C. Both a and b
D. None of these
9 What kind of power does commercial bank possess regarding credit creation
A. Unlimited power
B. Limited power
C. No power
D. All the above are possible
10 In Pakistan before 1974 commercial Banks were formed under.
A. Co's act 1932
B. Co's Act 1913
C. Co's Act 1984
D. None of these

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