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	The kind of loan according to issue	A. Cash credit B. Discounting of bill C. Mortgage loan D. All of the above
2	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
3	Which bank does accept the deposits from public	A. Commercial bank B. Central bank C. Foreign exchange bank D. All the above
4	The amount (capital) recieved by bank after issuing shares is called:	A. Reserve capital B. Paid up capital C. Autherized capital D. Issued capital
5	Commercial bank advises its customers on	A. Household matters B. Financial matters C. Political matters D. All the above
6	Which of the following is a limitation in credit creation	A. Initial deposit B. Use of cheques C. Use of currency D. All of these
7	Quaid -e-Azam opened his bank account in.	A. ABL B. MCB C. HBL D. NBP
8	The documents which present a summary and balance of accounts of an A/C holder in bank.	A. Balance sheet B. Pass book C. Prospectus D. Bank Staement
9	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
10	The current account nd saving account is also called	A. Sight deposits B. Chequing account C. Demand deposits D. All of these