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)

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Sr.#	Question	Answer
1	On opening Saving Account the Bank Provide.	A. Pass Book B. Pay in slip C. Cheque book D. All 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	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	No minimum balance limit requried in.	A. Current Account B. Saving Account C. Foreign Account D. B.B.A Account
5	Any Co.which transact the business of banking in Pakistan.	A. Chartered co. B. Joint stock co. C. Banking co. D. All of these
6	Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank	A. Prospectus of bank B. Copy of bye-laws C. Audited annual report of bank D. Certificate of incorporation
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	In Islamic banking overdraft means.	A. Debit balance B. Running finance C. Favorable balnce D. Nil Balance
9	Over draft facility is provided only on.	A. Saving Account B. Fixed Deposit Account C. Current Account D. All the above
10	Nature of Bank Accounts also help in determining the ratio of.	A. Cash Reserve B. Capital C. Partnership D. None of these