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

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 6 Online Test"

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

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Question # 1

It is the duty of the bank to.

Question # 2

Account suitable for business woman.

Question # 3

Rate of interest in case of fixed deposit is

Question # 4

Which of the following accounts is non-transferable

Question # 5

Why does it necessary for a customer t sign the specimen signature card

Question # 6

when customer deposit his money in bank he become.

Question # 7

The customer who keep his precious articles in bank for safe custody

Question # 8

When two or more persons open an account under a single title is called.

Question # 9

It is the right of the bank to.

Question # 10

On which account a bank does not pay interest

Question # 11

Maintenance of minimum balance is not required in

Question # 12

An account holder does not need to write a cheque to withdraw money from following account

Question # 13

Termination of banker relatinship by the customer due to.

Question # 14

Which of the following is the valid method of making payment.

Question # 15

Pay-in-slip is a written evidence of:

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

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Adjusting a debit balance against a credit balance by the bank is called.
A. Balancing
B. Adjustment
C. Setting off
D. All these
2 Saving account can be opened by:
A. An individual
B. A group of persons
C. The institutions
D. All of the above
3 When was Islamic Banking System introduced in Pakistan:
A. 1970
B. 1972
C. 1981
D. 1982
4 Person gets finance from bank in terms of Mudarba Act as
A. Mudarib
B. Creditor
C. Aamil
D. None of these
5 Thenature of relations between banker and customers is.
A. Bailer and Bailee
B. Agent and principal
C. Debtor and creditor
D. All the above
6 Which of the followign cannot open account in a bank.
A. Lunatic
B. Minor
C. Parda Nasheen woman
D. All of these
7 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
8 Account Suitable for business woman
A. Current Account
B. Saving account
C. Fixed deposited account
D. All these
9 What type of account is preferred by a businessman
A. Saving account
B. Fixed deposits
C. Current account
D. Foreign currency account
10 Orverdraft facility is not allowed to.
A. Minor
B. Lunatic
C. Parda Nasheen woman
D. Both b and c

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