Question # 1

Quaid -e- Azam opened his bank account in.

Choose an answer

1940

1945

1957

1987

Commercial bank is called:

Choose an answer

Banker's bank

Bank of public

Custodian of foreign exchange

Banker to the Government

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

Choose an answer

Direct Debit

Standing order

Inter bank transfer

Clearing House system

Commercial bank creates the following Money

Choose an answer

Metallic

Credit

Paper

All the above

If a credit card is lost, what should the holder do.

Choose an answer

Report to employer

Report to bank

Report to insurance co.

All the above

The loan which can be demanded by bank at anytime:

Choose an answer

Overdraft

Demand loans

Bills of exchange

All of the above

Increase in ratio of cash reserve of scheduled banks.

Choose an answer

Increase of credit creation

Stop credit creation

Decreased in credit creation

None of these

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

Choose an answer

Reserve capital

Paid up capital

Autherized capital

Issued capital

The important (basic) kinds of accounts opened in commercial banks are:

Choose an answer

Two

Three

Four

countless

Over draft facility is only provided on:

Choose an answer

Current account

Fixed deposit

Saving account

All of the above

Exchange banks are commonly known as.

Choose an answer

Foreign bank

Central bank

Consortium Bank

None of these

Commercial bank advises its customers on

Choose an answer

Household matters

Financial matters

Political matters

All the above

Which of the following functions is performed by commercial bank

Choose an answer

Issuance of currency notes

Credit creation

Rediscounting of bills

Preparation of monetary policy

Formula for calculating total credit creation:

Choose an answer

New deposit x 1/Reserve ratio

New deposit x Reserve ratio/1

Reserve ratio x 1/New deposit

None of the above

Quaid -e-Azam opened his bank account in.

Choose an answer

ABL

MCB

HBL

NBP

More Classes

Other Links

Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer