Question # 1

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of these

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

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Short term loan

Medium term loan

Long term loan

All of the above

Which of the followig is not an example of Plastic money.

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Debit card

ATM card

Credit card

Currency notes

In Pakistan before 1974 commercial Banks were formed under.

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Co's act 1932

Co's Act 1913

Co's Act 1984

None of these

For commercial banks deposits are.

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Assets

Liabilities

Income

Expense

Bank draft is issued by the bank when the debtor and creditor belngs to.

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To differnet citiies/Country

With in same city

Two different families

All these

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

Commercial bank can be

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Scheduled

Foreign

Non Sheduled

All these

The higer the cash reserve ratio.

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Credit creation zero

Credit creation constant

Higher the credit creation

Lower the credit creation

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

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

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Report to employer

Report to bank

Report to insurance co.

All the above

Which affairs of Banks are revealed by articles of Banks.

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Internal

External

Political

Financial

Heart of Financial Structure.

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Commercial bank

Central bank

Consortium Banks

All these

Which amount is available for salaried and low income persons:

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Current account

Saving account

Fixed deposit

All of the above

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

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