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

Written evidence of depositing money into bank.

Question # 2

The person who opens an account with the bank is called

Question # 3

Over draft facility is provided only on.

Question # 4

Normally bank does not pay intrest on

Question # 5

What percentage of total assets a scheduled bank is bound to keep within the country

Question # 6

How many merits of scheduled bank

Question # 7

Credit Card, ATM card and Debit Card are.

Question # 8

Amount with drawn from Bank without using cheque.

Question # 9

It is necessary for scheduled bank to

Question # 10

In Case of Fixed Deposit the rate of intrest is.

Question # 11

Which account is considered a nn transferable account.

Question # 12

Account example from Zakat and Tax

Question # 13

No minimum balance limit requried in.

Question # 14

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

Question # 15

Running finance means customer has balance at 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 Running finance means customer has balance at bank.
A. Debit Balance
B. Credit Balance
C. Favorable balance
D. None of these
2 the loans which cna be demanded back by bank at any time are called.
A. Short term loans
B. Overdrats
C. Demand loans
D. Running Finance
3 Parties involved in cheque.
A. Account Holder
B. Bank
C. Payee
D. All these
4 Account Suitable for businessmen
A. Saving account
B. Fixed Account
C. PLS account
D. Current Account
5 A Joint Stock company opens the account in the bank.
A. Saving Bank
B. Current Account
C. B.B.A. Account
D. Term Deposit Account
6 Cheque book is not use in.
A. Current Account
B. Foreign Currency Account
C. B.B.A account
D. Fixed deposited Account
7 Account example from Zakat and Tax
A. B.B.A. Account
B. Current account
C. Foreign Currency Account
D. None of these
8 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
9 Running Finance is also known as.
A. Saving Account
B. Current Account
C. Overdraft
D. Fixed Account
10 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

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