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 loans which cna be demanded back by bank at any time are called.

Question # 2

Over draft facility is provided only on.

Question # 3

What is the example of Scheduled bank

Question # 4

In financial crises, the central bank issues loan to

Question # 5

Amount with drawn from Bank without using cheque.

Question # 6

In Case of Fixed Deposit the rate of intrest is.

Question # 7

The following bank can open its branch in foreign country

Question # 8

The person who opens an account with the bank is called

Question # 9

Who does get the benefit of opening an account in bank.

Question # 10

In moderan Banking introductory reference is not required in.

Question # 11

How many merits of scheduled bank

Question # 12

Any Co.which transact the business of banking in Pakistan.

Question # 13

No minimum balance limit requried in.

Question # 14

It is necessary for scheduled bank to

Question # 15

Another name of fixed deposit receipt is.

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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 In Case of Fixed Deposit the rate of intrest is.
A. Constant
B. High
C. Low
D. None of these
2 Who can issue participation term certificates.
A. Firm
B. Company
C. Cooperative society
D. All of these
3 No minimum balance limit requried in.
A. Current Account
B. Saving Account
C. Foreign Account
D. B.B.A Account
4 Account suitable for salaried person.
A. Fixed Deposit account
B. Current Account
C. Saving Account
D. Term Deposit Account
5 Cheque book is not use in.
A. Current Account
B. Foreign Currency Account
C. B.B.A account
D. Fixed deposited Account
6 The other name of credit woucher is.
A. Credit note
B. Cash credit
C. pay in slip
D. Debit note
7 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
8 Non-scheduled bank can
A. Deal in foreign exchange
B. Attain the of public confidence
C. Open new branch without permission
D. All the above
9 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
10 Which of the following Account willbe non -remuneratation account.
A. Current account
B. Saving Account
C. Fixed Deposit account
D. B.B.A. Account

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