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

Written evidence of depositing money into bank.

Question # 2

In financial crises, the central bank issues loan to

Question # 3

In Pakistan Islamic Banking system was introduced in .

Question # 4

Who can issue participation term certificates.

Question # 5

For customer Money deposited int Bank is.

Question # 6

The person who opens an account with the bank is called

Question # 7

Over draft facility is provided only on.

Question # 8

What percentage of total assets a scheduled bank is bound to keep within the country

Question # 9

The following bank can open its branch in foreign country

Question # 10

In moderan Banking introductory reference is not required in.

Question # 11

Which of the following banks performs its functions according to the instructions of central bank

Question # 12

The person who opens an account with the bank is called

Question # 13

Pass Book is nto issued in.

Question # 14

Running Finance is also known as.

Question # 15

Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled 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 Scheduled banks means a bank which is registered with
A. Stock exchange
B. Central bank
C. World bank
D. All of the above
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 The slip which is used to deposit money into bank account.
A. Deposit slip
B. Pay in slip
C. Credit voucher
D. All these
4 In Pakistan Islamic Banking system was introduced in .
A. 1974
B. 1981
C. 1984
D. None of these
5 In financial crises, the central bank issues loan to
A. Non-scheduled bank
B. Foreign bank
C. Scheduled bank
D. All the above
6 Running Finance is also known as.
A. Saving Account
B. Current Account
C. Overdraft
D. Fixed Account
7 In Islamic banking overdraft means.
A. Debit balance
B. Running finance
C. Favorable balnce
D. Nil Balance
8 Who does get the benefit of opening an account in bank.
A. Bank
B. Account Holder
C. Government
D. All these
9 Who can issue participation term certificates.
A. Firm
B. Company
C. Cooperative society
D. All of these
10 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

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