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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  • Total Questions15

  • Time Allowed20

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

Who can issue participation term certificates.

Question # 3

Any Co.which transact the business of banking in Pakistan.

Question # 4

What is the example of non scheduled bank

Question # 5

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

Question # 6

Account example from Zakat and Tax

Question # 7

No minimum balance limit requried in.

Question # 8

Non-scheduled bank can

Question # 9

The slip which is used to deposit money into bank account.

Question # 10

Written evidence of depositing money into bank.

Question # 11

Credit Card, ATM card and Debit Card are.

Question # 12

It is necessary for scheduled bank to

Question # 13

Over draft facility is provided only on.

Question # 14

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

Question # 15

Amount with drawn from Bank without using cheque.

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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 Another name of fixed deposit receipt is.
A. Term Deposit receipt
B. Capital receipt
C. Cash Deposit receipt
D. Revenue receipt
2 Who does get the benefit of opening an account in bank.
A. Bank
B. Account Holder
C. Government
D. All these
3 What percentage of total assets a scheduled bank is bound to keep within the country
A. 60%
B. 70%
C. 80%
D. 90%
4 Who can issue participation term certificates.
A. Firm
B. Company
C. Cooperative society
D. All of these
5 Written evidence of depositing money into bank.
A. Cheque book
B. Pay in Slip
C. Pas Book
D. None of these
6 Account Suitable for businessmen
A. Saving account
B. Fixed Account
C. PLS account
D. Current Account
7 How many merits of scheduled bank
A. 12
B. 13
C. 14
D. 15
8 Which of the following banks performs its functions according to the instructions of central bank
A. Foreign bank
B. Scheduled bank
C. Non-scheduled bank
D. All the above
9 Account example from Zakat and Tax
A. B.B.A. Account
B. Current account
C. Foreign Currency Account
D. None of these
10 Account suitable for salaried person.
A. Fixed Deposit account
B. Current Account
C. Saving Account
D. Term Deposit Account

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