Question # 1

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

What kind of power does commercial bank possess regarding credit creation

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Unlimited power

Limited power

No power

All the above are possible

Polymer Currency includes

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Debit card

ATM card

Credit card

All of these

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

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Bank statement

Balance sheet

Pass book

Prospectus

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

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Two

Three

Four

countless

For commercial baks deposits are.

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Assets

Liabilities

Income

Expense

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

Which of the following is a valid method of receiving payment from debtors.

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Debit card

Credit card

ATM card

Cash

Which affairs of Banks are revealed by articles of Banks.

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Internal

External

Political

Financial

For its customers a commercial bank sells and buys:

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Foreign exchange

Property

Securities

All of the above

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

Which account is called non operating account.

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Current account

Saving account

Fixed account

BBA account

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

Present commercial Banks are teh Developed form of the business of.

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Money Lenders

gold smiths

Money changers

Merchants

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

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