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

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

Question # 2

It is necessary for scheduled bank to

Question # 3

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

Question # 4

The person who opens an account with the bank is called

Question # 5

The following bank can open its branch in foreign country

Question # 6

Who can issue participation term certificates.

Question # 7

Following is an example of Non-Operating Account.

Question # 8

In moderan Banking introductory reference is not required in.

Question # 9

Running Finance is also known as.

Question # 10

Nature of Bank Accounts also help in determining the ratio of.

Question # 11

In Case of Fixed Deposit the rate of intrest is.

Question # 12

Scheduled bank is registered under state bank of Pakistan Act

Question # 13

A Joint Stock company opens the account in the bank.

Question # 14

The person who opens an account with the bank is called

Question # 15

Account Suitable for businessmen

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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 What is the example of Scheduled bank
A. Habib bank Ltd.
B. Allied bank Ltd. in Pakistan
C. Both a and b
D. None of these
2 Who can issue participation term certificates.
A. Firm
B. Company
C. Cooperative society
D. All of these
3 Which account is considered a nn transferable account.
A. Saving Account
B. Current Account
C. B.B.A. Account
D. Term Deposit Account
4 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
5 Which of the following Account willbe non -remuneratation account.
A. Current account
B. Saving Account
C. Fixed Deposit account
D. B.B.A. Account
6 Who does get the benefit of opening an account in bank.
A. Bank
B. Account Holder
C. Government
D. All these
7 Nature of Bank Accounts also help in determining the ratio of.
A. Cash Reserve
B. Capital
C. Partnership
D. None of these
8 Another name of fixed deposit receipt is.
A. Term Deposit receipt
B. Capital receipt
C. Cash Deposit receipt
D. Revenue receipt
9 In Islamic banking overdraft means.
A. Debit balance
B. Running finance
C. Favorable balnce
D. Nil Balance
10 Scheduled banks means a bank which is registered with
A. Stock exchange
B. Central bank
C. World bank
D. All of the above

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