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

The forms of cash reserve of commercial bank:

Question # 2

For commercial banks deposits are.

Question # 3

While depositing money in your a/c , you must use.

Question # 4

Commercial bank create money.

Question # 5

Credit card payments are considered.

Question # 6

Over draft facility is only provided on:

Question # 7

Quaid -e-Azam opened his bank account in.

Question # 8

The amount (capital) recieved by bank after issuing shares is called:

Question # 9

The amount in fixed deposit can be

Question # 10

Which of the following is not an example of plastic money

Question # 11

In Pakistan before 1974 commercial Banks were formed under.

Question # 12

Which is teh secondary function of commercial bank.

Question # 13

The part of deposits kept with the central bank is called:

Question # 14

Heart of Financial Structure.

Question # 15

Banking companies ordinace is

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ICOM Part 2 English Medium Principles of Banking Chapter 2 MCQ's Test

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ICom Part II 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 Exchange banks are commonly known as.
A. Foreign bank
B. Central bank
C. Consortium Bank
D. None of these
3 Commercial bank can be regarded by nature as
A. Depository bank
B. Central bank
C. Investment bank
D. None of the above
4 The important (basic) kinds of accounts opened in commercial banks are:
A. Two
B. Three
C. Four
D. countless
5 Present commercial Banks are teh Developed form of the business of.
A. Money Lenders
B. gold smiths
C. Money changers
D. Merchants
6 For more credit creation a bank must have.
A. More demand deposits
B. More fixed deposits
C. More time deposited
D. All of these
7 Which is the Primary functionof a commercial bank.
A. Issue Notes
B. Accepting Deposits
C. Credit creation
D. None of these
8 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
9 Credit card payments are considered.
A. Cash payments
B. Credit payments
C. Both these
D. None of these
10 While deposting money in your a/c you must use.
A. Pay in slip
B. Deposit slip
C. Credit voucher
D. All of these

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