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

the card which can be used to pay for goods purchased.

Question # 2

Over draft facility is only provided on:

Question # 3

Which type of loan is advanced by commercial banks for meeting day-to-day requirements:

Question # 4

Process of credit creation by

Question # 5

Quaid -e-Azam opened his bank account in.

Question # 6

The loan which can be demanded by bank at anytime:

Question # 7

To make payments of variable amounts to a stated A/c

Question # 8

The loans on which high rate of interest is charged :

Question # 9

The kind of loan according to issue

Question # 10

For commercial baks deposits are.

Question # 11

Commercial bank creates credit

Question # 12

Which is the secondary function of a commercial bank.

Question # 13

Commercial bank create money.

Question # 14

For commercial banks " Advancing loans' are.

Question # 15

The documents which present a summary and balance of accounts of an A/C holder in bank.

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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 Commercial bank creates the following Money
A. Metallic
B. Credit
C. Paper
D. All the above
2 Because of high reserve ratio the credit creation power.
A. Constant
B. Increases
C. Decreases
D. Zero
3 Which of the followig is not an example of Plastic money.
A. Debit card
B. ATM card
C. Credit card
D. Currency notes
4 Banking companies ordinace is
A. 1962
B. 1984
C. 1932
D. 1694
5 A commercial bank keeps less cash reserve if:
A. Cheque is used in most of the transactions
B. Cheque house facilty is available
C. Rediscounting facility is available
D. All of the above
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 affairs of Banks are revealed by articles of Banks.
A. Internal
B. External
C. Political
D. Financial
8 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
9 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
10 For commercial banks deposits are.
A. Assets
B. Liabilities
C. Income
D. Expense

Test Questions

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  • Muhammad Tayyab Azam

    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

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