ICOM Part 2 English Medium Principles of Banking Chapter 6 MCQ's Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 6 (Banks Accounts)

ICOM Part 2 English Medium Principles of Banking Chapter 6 MCQ's Test

Start Chapter 6 Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 6 (Banks Accounts)

Sr. # Questions Answers Choice
1 Joint Stock Company can open only.
  • A. Fixed deposited account
  • B. Saving account
  • C. B.B.A . Account
  • D. Current account
2 Which document a joint stock company has to provide at the time of opening account with bank
  • A. Shares
  • B. Copy of bye-laws
  • C. Audited annual report of company
  • D. Certificate of incorporation
3 Maintenance of minimum balance is not required in
  • A. Current account
  • B. Basic banking account
  • C. Saving account
  • D. None of these
4 when customer deposit his money in bank he become.
  • A. Debtor
  • B. Bailer
  • C. Mortageger
  • D. Creditor
5 Customer can with draw money only after the expiry of fixed time:
  • A. From saving account
  • B. From current account
  • C. From fixed deposit
  • D. From all of the above
6 Which of the following is the valid method of making payment.
  • A. Credit card
  • B. pay order
  • C. Bank Draft
  • D. All of these
7 It is the duty of the bank to.
  • A. Honor cheque
  • B. Keep secrecy
  • C. Safe custody
  • D. All these
8 When was Islamic Banking System introduced in Pakistan:
  • A. 1970
  • B. 1972
  • C. 1981
  • D. 1982
9 Adjusting a debit balance against a credit balance by the bank is called.
  • A. Balancing
  • B. Adjustment
  • C. Setting off
  • D. All these
10 the nature of relations between banker and customers is.
  • A. Bailer and Bailee
  • B. Agent and principal
  • C. Debtor and creditor
  • D. All the above

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 6 Online Test

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Lahore15 - May - 2025

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02 Mins 33 Sec

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