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

Scheduled bank keeps a certain amount of its deposits with central bank as

Question # 2

On opening Saving Account the Bank Provide.

Question # 3

For customer Money deposited int Bank is.

Question # 4

Which of the following Account willbe non -remuneratation account.

Question # 5

It is necessary for scheduled bank to

Question # 6

The person who opens an account with the bank is called

Question # 7

Running Finance is also known as.

Question # 8

Cheque book is not use in.

Question # 9

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

Question # 10

The following bank can open its branch in foreign country

Question # 11

The person who opens an account with the bank is called

Question # 12

What is the example of non scheduled bank

Question # 13

In Pakistan Islamic Banking system was introduced in .

Question # 14

Who can issue participation term certificates.

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 financial crises, the central bank issues loan to
A. Non-scheduled bank
B. Foreign bank
C. Scheduled bank
D. All the above
3 All information of pass book is filled by.
A. Bank offcials
B. Payee
C. Drawer
D. Account Holder
4 Parties involved in cheque.
A. Account Holder
B. Bank
C. Payee
D. All these
5 Over draft facility is provided only on.
A. Saving Account
B. Fixed Deposit Account
C. Current Account
D. All the above

6 In moderan Banking introductory reference is not required in.
A. Current account
B. Saving Account
C. B.B.A. Account
D. All these
7 Which account is considered a nn transferable account.
A. Saving Account
B. Current Account
C. B.B.A. Account
D. Term Deposit Account
8 Running Finance is also known as.
A. Saving Account
B. Current Account
C. Overdraft
D. Fixed Account
9 Another name of fixed deposit receipt is.
A. Term Deposit receipt
B. Capital receipt
C. Cash Deposit receipt
D. Revenue receipt
10 In Islamic banking overdraft means.
A. Debit balance
B. Running finance
C. Favorable balnce
D. Nil Balance

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