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

Parties involved in cheque.

Question # 2

Normally bank does not pay intrest on

Question # 3

In financial crises, the central bank issues loan to

Question # 4

How many merits of scheduled bank

Question # 5

What is the example of non scheduled bank

Question # 6

Over draft facility is provided only on.

Question # 7

A Joint Stock company opens the account in the bank.

Question # 8

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

Question # 9

Which of the following Account willbe non -remuneratation account.

Question # 10

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

Question # 11

Credit cards payment are considered.

Question # 12

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

Question # 13

In Islamic banking overdraft means.

Question # 14

Account suitable for salaried person.

Question # 15

In Case of Fixed Deposit the rate of intrest 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 Which of the following Account willbe non -remuneratation account.
A. Current account
B. Saving Account
C. Fixed Deposit account
D. B.B.A. Account
2 Running finance means customer has balance at bank.
A. Debit Balance
B. Credit Balance
C. Favorable balance
D. None of these
3 Credit Card, ATM card and Debit Card are.
A. Metallic money
B. Paper Money
C. Plastic Money
D. Bank Money
4 Over draft facility is provided only on.
A. Saving Account
B. Fixed Deposit Account
C. Current Account
D. All the above

5 Parties involved in cheque.
A. Account Holder
B. Bank
C. Payee
D. All these
6 Cheque book is not use in.
A. Current Account
B. Foreign Currency Account
C. B.B.A account
D. Fixed deposited Account
7 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
8 On opening Saving Account the Bank Provide.
A. Pass Book
B. Pay in slip
C. Cheque book
D. All of these
9 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
10 Who can issue participation term certificates.
A. Firm
B. Company
C. Cooperative society
D. All of these

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