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

In Pakistan Islamic Banking system was introduced in .

Question # 2

What is the example of Scheduled bank

Question # 3

Over draft facility is provided only on.

Question # 4

On opening Saving Account the Bank Provide.

Question # 5

In moderan Banking introductory reference is not required in.

Question # 6

In financial crises, the central bank issues loan to

Question # 7

Account suitable for salaried person.

Question # 8

Central bank does not provide the following facility to non-scheduled bank

Question # 9

No minimum balance limit requried in.

Question # 10

Which account is considered a nn transferable account.

Question # 11

Nature of Bank Accounts also help in determining the ratio of.

Question # 12

Another name of fixed deposit receipt is.

Question # 13

In Islamic banking overdraft means.

Question # 14

Running finance means customer has balance at bank.

Question # 15

It is necessary for scheduled bank to

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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 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
2 Another name of fixed deposit receipt is.
A. Term Deposit receipt
B. Capital receipt
C. Cash Deposit receipt
D. Revenue receipt
3 How many merits of scheduled bank
A. 12
B. 13
C. 14
D. 15
4 Account example from Zakat and Tax
A. B.B.A. Account
B. Current account
C. Foreign Currency Account
D. None of these
5 Credit cards payment are considered.
A. Credit payment
B. Cash Payment
C. Both a and b
D. None of these
6 Amount with drawn from Bank without using cheque.
A. ID Card
B. VISA card
C. ATM and Debit Card
D. Credit Card
7 Over draft facility is provided only on.
A. Saving Account
B. Fixed Deposit Account
C. Current Account
D. All the above

8 Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank
A. Prospectus of bank
B. Copy of bye-laws
C. Audited annual report of bank
D. Certificate of incorporation
9 Which of the following banks cannot open its new branch without the permission of central bank
A. Non-scheduled bank
B. Scheduled bank
C. Chartered bank
D. All of the above
10 The other name of credit woucher is.
A. Credit note
B. Cash credit
C. pay in slip
D. Debit note

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