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5th Chapter

12th Principles of Banking Chapter 5 Test

Here you can prepare 12th Class Principles of Banking Chapter 5 Scheduled & Non Scheduled Banks Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 5 online mcq test with answers for ICom part 2 Principle of Banking Chapter 5 (Scheduled & Non Scheduled Banks)

This online test contains MCQs about following topics:

. Definition of scheduled & non-scheduled bank . Difference between scheduled & non-scheduled bank . Merits of scheduled bank . Procedure to convert non-scheduled . Bank into scheduled bank

ICOM Part 2 Banking Ch 5 Test
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12th class Principle of Banking chapter 5 online mcq test with answers for ICom part 2 Principle of Banking Chapter 5 (Scheduled & Non Scheduled Banks)

Sr. # Questions Answers Choice
1 Scheduled bank is registered under state bank of Pakistan Act
  • A. 1965
  • B. 1956
  • C. 1950
  • D. None of 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 Any Co.which transact the business of banking in Pakistan.
  • A. Chartered co.
  • B. Joint stock co.
  • C. Banking co.
  • D. All of these
4 No minimum balance limit requried in.
  • A. Current Account
  • B. Saving Account
  • C. Foreign Account
  • D. B.B.A 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 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
7 For customer Money deposited int Bank is.
  • A. Liability
  • B. Asset
  • C. Saving and Asset
  • D. Expense
8 Running finance means customer has balance at bank.
  • A. Debit Balance
  • B. Credit Balance
  • C. Favorable balance
  • D. None 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 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

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 5 Online Test

A

Abdul Rehman

Lahore04 - May - 2024

10/15
03 Mins 45 Sec
D

Domanto Sports

Lahore04 - May - 2024

9/15
01 Mins 59 Sec

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