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

Another name of fixed deposit receipt is.

Question # 2

Which account is considered a nn transferable account.

Question # 3

The person who opens an account with the bank is called

Question # 4

How many merits of scheduled bank

Question # 5

Non-scheduled bank can

Question # 6

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

Question # 7

Written evidence of depositing money into bank.

Question # 8

Scheduled bank is registered under state bank of Pakistan Act

Question # 9

Parties involved in cheque.

Question # 10

No minimum balance limit requried in.

Question # 11

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

Question # 12

What is the example of non scheduled bank

Question # 13

Credit cards payment are considered.

Question # 14

Normally bank does not pay intrest on

Question # 15

A Joint Stock company opens the account in the 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 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 In moderan Banking introductory reference is not required in.
A. Current account
B. Saving Account
C. B.B.A. Account
D. All these
3 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
4 Credit cards payment are considered.
A. Credit payment
B. Cash Payment
C. Both a and b
D. None of these
5 In Pakistan Islamic Banking system was introduced in .
A. 1974
B. 1981
C. 1984
D. None of these
6 Scheduled banks means a bank which is registered with
A. Stock exchange
B. Central bank
C. World bank
D. All of the above
7 All information of pass book is filled by.
A. Bank offcials
B. Payee
C. Drawer
D. Account Holder
8 In Case of Fixed Deposit the rate of intrest is.
A. Constant
B. High
C. Low
D. None of these
9 The slip which is used to deposit money into bank account.
A. Deposit slip
B. Pay in slip
C. Credit voucher
D. All these
10 In Islamic banking overdraft means.
A. Debit balance
B. Running finance
C. Favorable balnce
D. Nil Balance

Test Questions