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

Which of the following is meant for presenting a summary and balance of accounts of bank customers

Question # 2

Credit card payments are considered.

Question # 3

Pay Order is issued by the bank when the debtor and creditor belongs to.

Question # 4

Which of the following is not an example of plastic money

Question # 5

Which of the following is a limitation in credit creation.

Question # 6

For commercial banks deposits are.

Question # 7

Cash reserve of commercial Banks includes.

Question # 8

Which is the Primary functionof a commercial bank.

Question # 9

Exchange banks are commonly known as.

Question # 10

Commercial bank creates credit

Question # 11

The kind of loan according to issue

Question # 12

Which of the following functions is performed by commercial bank

Question # 13

Formula for calculating total credit creation:

Question # 14

Which bank does discount the bills of public

Question # 15

Over draft facility is only provided on:

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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 Which bank does accept the deposits from public
A. Commercial bank
B. Central bank
C. Foreign exchange bank
D. All the above
2 Which is the secondary function of a commercial bank.
A. Accepting deposits
B. Advancing loans
C. Collection of cheques
D. all of these
3 Which one is not the feature of good Banking system.
A. Economic development
B. Inflation
C. Larger Capital
D. TYrust of public
4 Which of the following is a valid method of receiving payment from debtors.
A. Debit card
B. Credit card
C. ATM card
D. Cash
5 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
6 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
7 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
8 While depositing money in your a/c , you must use.
A. Pay - in slip
B. Deposit slip
C. Credit voucher
D. All these
9 Credit card payments are considered.
A. Cash payments
B. Credit payments
C. Both these
D. None of these
10 Commercial bank is called:
A. Banker's bank
B. Bank of public
C. Custodian of foreign exchange
D. Banker to the Government

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