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 following bank can open its branch in foreign country

Question # 2

Written evidence of depositing money into bank.

Question # 3

Cheque book is not use in.

Question # 4

Which of the following banks cannot open its new branch without the permission of central bank

Question # 5

The person who opens an account with the bank is called

Question # 6

In Islamic banking overdraft means.

Question # 7

In Case of Fixed Deposit the rate of intrest is.

Question # 8

the loans which cna be demanded back by bank at any time are called.

Question # 9

Credit Card, ATM card and Debit Card are.

Question # 10

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

Question # 11

Non-scheduled bank can

Question # 12

Account Suitable for businessmen

Question # 13

Who can issue participation term certificates.

Question # 14

Running finance means customer has balance at bank.

Question # 15

Another name of fixed deposit receipt is.

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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 In Islamic banking overdraft means.
A. Debit balance
B. Running finance
C. Favorable balnce
D. Nil Balance
2 Who does get the benefit of opening an account in bank.
A. Bank
B. Account Holder
C. Government
D. All these
3 The other name of credit woucher is.
A. Credit note
B. Cash credit
C. pay in slip
D. Debit note
4 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
5 In financial crises, the central bank issues loan to
A. Non-scheduled bank
B. Foreign bank
C. Scheduled bank
D. All the above
6 No minimum balance limit requried in.
A. Current Account
B. Saving Account
C. Foreign Account
D. B.B.A Account
7 What is the example of non scheduled bank
A. Sindh provincial cooperative bank
B. Meezan bank
C. Habib bank
D. Allied bank
8 Over draft facility is provided only on.
A. Saving Account
B. Fixed Deposit Account
C. Current Account
D. All the above

9 Nature of Bank Accounts also help in determining the ratio of.
A. Cash Reserve
B. Capital
C. Partnership
D. None of these
10 Credit Card, ATM card and Debit Card are.
A. Metallic money
B. Paper Money
C. Plastic Money
D. Bank Money

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