12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 5 (Scheduled & Non Scheduled Banks)

ICOM Part 2 English Medium Principles of Banking Chapter 5 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 5 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 5 Online Test

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Question # 1

The person who opens an account with the bank is called

Question # 2

Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank

Question # 3

Scheduled bank is registered under state bank of Pakistan Act

Question # 4

How many merits of scheduled bank

Question # 5

Which of the following Account willbe non -remuneratation account.

Question # 6

In financial crises, the central bank issues loan to

Question # 7

Amount with drawn from Bank without using cheque.

Question # 8

Who does get the benefit of opening an account in bank.

Question # 9

Over draft facility is provided only on.

Question # 10

Cheque book is not use in.

Question # 11

Running Finance is also known as.

Question # 12

Non-scheduled bank can

Question # 13

Parties involved in cheque.

Question # 14

It is necessary for scheduled bank to

Question # 15

A Joint Stock company opens the account in the bank.

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ICOM Part 2 English Medium Principles of Banking Chapter 5 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Who can issue participation term certificates.
A. Firm
B. Company
C. Cooperative society
D. All of these
2 Following is an example of Non-Operating Account.
A. Current Account
B. Fixed Deposit Account
C. Foreign Currency A/c
D. Saving Account
3 Scheduled bank keeps a certain amount of its deposits with central bank as
A. Reserve capital
B. Bank rate
C. Subscribed capital
D. Authorized capital
4 The other name of credit woucher is.
A. Credit note
B. Cash credit
C. pay in slip
D. Debit note
5 The person who opens an account with the bank is called
A. Employee of bank
B. Customer of bank
C. Account holder of bank
D. Owner of bank
6 Running Finance is also known as.
A. Saving Account
B. Current Account
C. Overdraft
D. Fixed Account
7 The following bank can open its branch in foreign country
A. Scheduled bank
B. Non-scheduled bank
C. Both a and b
D. None of the these
8 Any Co.which transact the business of banking in Pakistan.
A. Chartered co.
B. Joint stock co.
C. Banking co.
D. All of these
9 Scheduled banks means a bank which is registered with
A. Stock exchange
B. Central bank
C. World bank
D. All of the above
10 Parties involved in cheque.
A. Account Holder
B. Bank
C. Payee
D. All these

Test Questions

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