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	Commercial bank creates the following Money	A. Metallic B. Credit C. Paper D. All the above
2	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
3	Commercial bank is called:	A. Banker's bank B. Bank of public C. Custodian of foreign exchange D. Banker to the Government
4	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
5	The important (basic) kinds of accounts opened in commercial banks are:	A. Two B. Three C. Four D. countless
6	Because of low Reserve Ratio the credit creation power.	A. Increases B. Decreases C. Constant D. Zero
7	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
8	Exchange banks are commonly known as.	A. Foreign bank B. Central bank C. Consortium Bank D. None of these
9	If the rate of interest (profit) on the bank deposits is higher then the banks keep:	A. Less cash reserve B. Less margin rate C. More cash reserve D. None of the above
10	Which account is called non operating account.	A. Current account B. Saving account C. Fixed account D. BBA account