Question # 1

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

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Money Lenders

gold smiths

Money changers

Merchants

The amount in fixed deposit can be

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Deposited many times

Deposited only once

Withdrawn many times

None of the above

Which account is called non operating account.

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Current account

Saving account

Fixed account

BBA account

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

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Debit card

ATM card

Credit card

Currency notes

Over draft facility is only provided on:

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Current account

Fixed deposit

Saving account

All of the above

Decreas in cash reserve ratio of scheduled Banks.

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No effect

Decrease in credit creation

Increase in credit creation

Stope credit creation

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

Which is the secondary function of a commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

all of these

The life blood of acomemrcial bank.

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Deposits

With drawals

Liabilities

All these

For its customers a commercial bank sells and buys:

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Foreign exchange

Property

Securities

All of the above

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

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Direct Debit

Standing order

Inter bank transfer

Clearing House system

In Pakistan the bank nationalized Act is.

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Act 1956

Act 1932

Act 1962

Act 1974

The higer the cash reserve ratio.

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Credit creation zero

Credit creation constant

Higher the credit creation

Lower the credit creation

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

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ID card

Credit card

Chrage card

Gurantee card

Polymer Currency includes

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Debit card

ATM card

Credit card

All of these

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

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