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

What is the example of non scheduled bank

Question # 2

Another name of fixed deposit receipt is.

Question # 3

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

Question # 4

Parties involved in cheque.

Question # 5

In Islamic banking overdraft means.

Question # 6

Written evidence of depositing money into bank.

Question # 7

Which of the following banks performs its functions according to the instructions of central bank

Question # 8

In financial crises, the central bank issues loan to

Question # 9

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

Question # 10

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

Question # 11

Which of the following Account willbe non -remuneratation account.

Question # 12

The person who opens an account with the bank is called

Question # 13

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

Question # 14

In moderan Banking introductory reference is not required in.

Question # 15

The other name of credit woucher 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 It is necessary for scheduled bank to
A. Act on the instructions of central bank
B. Submit report to central bank
C. Get the books checked
D. Al the above
2 Running finance means customer has balance at bank.
A. Debit Balance
B. Credit Balance
C. Favorable balance
D. None of these
3 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
4 Running Finance is also known as.
A. Saving Account
B. Current Account
C. Overdraft
D. Fixed Account
5 How many merits of scheduled bank
A. 12
B. 13
C. 14
D. 15
6 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
7 Written evidence of depositing money into bank.
A. Cheque book
B. Pay in Slip
C. Pas Book
D. None of these
8 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
9 Pass Book is nto issued in.
A. Saving Account
B. Fixed Deposit Account
C. BBA Account
D. Current Account
10 In Islamic banking overdraft means.
A. Debit balance
B. Running finance
C. Favorable balnce
D. Nil Balance

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