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

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

Start Chapter 2 Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 2 (Commercial Bank)

Sr. # Questions Answers Choice
1 Credit card payments are considered.
  • A. Cash payments
  • B. Credit payments
  • C. Both these
  • D. None of these
2 While deposting money in your a/c you must use.
  • A. Pay in slip
  • B. Deposit slip
  • C. Credit voucher
  • D. All of these
3 The loans on which high rate of interest is charged :
  • A. Medium term loans
  • B. Long term loans
  • C. Short term loans
  • D. Demand loans
4 Which bank does accept the deposits from public
  • A. Commercial bank
  • B. Central bank
  • C. Foreign exchange bank
  • D. All the above
5 Which amount is available for salaried and low income persons:
  • A. Current account
  • B. Saving account
  • C. Fixed deposit
  • D. All of the above
6 Which account is called non operating account.
  • A. Current account
  • B. Saving account
  • C. Fixed account
  • D. BBA account
7 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
8 Which bank does discount the bills of public
  • A. Commercial bank
  • B. Agricultural bank
  • C. Industrial bank
  • D. All of the above
9 Because of high reserve ratio the credit creation power.
  • A. Constant
  • B. Increases
  • C. Decreases
  • D. Zero
10 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

Top Scorers of Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test

R

Rabia Sohail

Lahore10 - Jul - 2025

12/15
02 Mins 58 Sec
F

Fatima Noor

Lahore07 - Jul - 2025

9/15
04 Mins 03 Sec

Share your comments questions here
Sort By:
  • M

    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

    Like
    Reply
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer