Question # 1

While depositing money in your a/c , you must use.

Choose an answer

Pay - in slip

Deposit slip

Credit voucher

All these

Which bank does keep the precious articles of public into its custody

Choose an answer

Central bank

Industrial bank

Commercial bank

None of these

Why commercial banks keep a certain amount of money as reserve

Choose an answer

Meeting the requirements of customers

Meeting the requirements of central bank

Acquiring the satisfaction of having cash

Expanding the banking business

Because of high reserve ratio the credit creation power.

Choose an answer

Constant

Increases

Decreases

Zero

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 life blood of acomemrcial bank.

Choose an answer

Deposits

With drawals

Liabilities

All these

Commercial bank create money.

Choose an answer

Metallic

Credit

Paper

All these

Which of the following is a limitation in credit creation

Choose an answer

Initial deposit

Use of cheques

Use of currency

All of these

Which of the folloiwng is a valid method of receivig payment from debtors.

Choose an answer

Debit card

Credit card

ATM card

Cash

Which amount is available for salaried and low income persons:

Choose an answer

Current account

Saving account

Fixed deposit

All of the above

Which of the following is a limitation in credit creation.

Choose an answer

Initial deposit

Use of cheques

Use currency

all of these

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

Commercial bank can be

Choose an answer

Scheduled

Foreign

Non Sheduled

All these

A commercial bank keeps less cash reserve if:

Choose an answer

Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

What kind of power does commercial bank possess regarding credit creation

Choose an answer

Unlimited power

Limited power

No power

All the above are possible

The primary function of commercial bank are

Choose an answer

Accepting deposits

Advancing loans

Both a and b

None of these

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

Choose an answer