12th class Principle of Banking chapter 2 online mcq test with answers for ICom part 2 Principle of Banking Chapter 2 (Commercial Bank)

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Sr.#	Question	Answer
1	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
2	The life blood of acomemrcial bank.	A. Deposits B. With drawals C. Liabilities D. All these
3	Increase in ratio of cash reserve of scheduled banks.	A. Increase of credit creation B. Stop credit creation C. Decreased in credit creation D. None of these
4	For commercial baks deposits are.	A. Assets B. Liabilities C. Income D. Expense
5	The commercial banks may be:	A. Scheduled B. Non-scheduled C. Foreign D. All of the above
6	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
7	Pay Order is issued by the bank when the debtor and creditor belongs to.	A. Two different cities B. With in same city C. Two different counties D. All these
8	Heart of Financial Structure.	A. Commercial bank B. Central bank C. Consortium Banks D. All these
9	Formula for calculating total credit creation:	A. New deposit x 1/Reserve ratio B. New deposit x Reserve ratio/1 C. Reserve ratio x 1/New deposit D. None of the above
10	Habib Bank Limited was formed on.	A. 1941 B. 1931 C. 1951 D. 1961