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	No minimum balance limit requried in.	A. Current Account B. Saving Account C. Foreign Account D. B.B.A Account
2	Who can issue participation term certificates.	A. Firm B. Company C. Cooperative society D. All of 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	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
5	Account example from Zakat and Tax	A. B.B.A. Account B. Current account C. Foreign Currency Account D. None of these
6	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
7	Scheduled banks means a bank which is registered with	A. Stock exchange B. Central bank C. World bank D. All of the above
8	Which of the following Account willbe non -remuneratation account.	A. Current account B. Saving Account C. Fixed Deposit account D. B.B.A. Account
9	Who does get the benefit of opening an account in bank.	A. Bank B. Account Holder C. Government D. All these
10	Cheque book is not use in.	A. Current Account B. Foreign Currency Account C. B.B.A account D. Fixed deposited Account