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

Which of the following is not an example of plastic money

Question # 2

In Pakistan the bank nationalized Act is.

Question # 3

The forms of cash reserve of commercial bank:

Question # 4

The amount in fixed deposit can be

Question # 5

Which amount is available for salaried and low income persons:

Question # 6

The higer the cash reserve ratio.

Question # 7

Banking companies ordinace is

Question # 8

While deposting money in your a/c you must use.

Question # 9

Decreas in cash reserve ratio of scheduled Banks.

Question # 10

Commercial bank can be

Question # 11

Which of the following functions is performed by commercial bank

Question # 12

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

Question # 13

Over draft facility is only provided on:

Question # 14

Bank draft is issued by the bank when the debtor and creditor belngs to.

Question # 15

Increase in ratio of cash reserve of scheduled banks.

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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 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
2 In Pakistan the bank nationalized Act is.
A. Act 1956
B. Act 1932
C. Act 1962
D. Act 1974
3 Quaid -e-Azam opened his bank account in.
A. ABL
B. MCB
C. HBL
D. NBP
4 Which affairs of Banks are revealed by articles of Banks.
A. Internal
B. External
C. Political
D. Financial
5 Which account is called non operating account.
A. Current account
B. Saving account
C. Fixed account
D. BBA account
6 Which bank does discount the bills of public
A. Commercial bank
B. Agricultural bank
C. Industrial bank
D. All of the above
7 the card which can be used to pay for goods purchased.
A. ID card
B. Credit card
C. Chrage card
D. Gurantee card
8 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
9 The forms of cash reserve of commercial bank:
A. Cash in hand
B. Reserve with central bank
C. Recievable from other banks
D. All of the above
10 To make payments of variable amounts to a stated A/c
A. Direct Debit
B. Standing order
C. Inter bank transfer
D. Clearing House system

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