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

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 2 (Commercial Bank)

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

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12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 2 (Commercial Bank)

Sr. # Questions Answers Choice
1 Commercial bank advises its customers on
  • A. Household matters
  • B. Financial matters
  • C. Political matters
  • D. All the above
2 The amount (capital) recieved by bank after issuing shares is called:
  • A. Reserve capital
  • B. Paid up capital
  • C. Autherized capital
  • D. Issued capital
3 Current account is suitable for
  • A. Capitalists
  • B. Salaried persons
  • C. Business community
  • D. None of the above
4 Commercial bank is called:
  • A. Banker's bank
  • B. Bank of public
  • C. Custodian of foreign exchange
  • D. Banker to the Government
5 Exchange banks are commonly known as.
  • A. Foreign bank
  • B. Central bank
  • C. Consortium Bank
  • D. None of these
6 Which is teh secondary function of commercial bank.
  • A. Accepting deposits
  • B. Advancing loans
  • C. Collection of cheques
  • D. All of these
7 Commercial bank can be
  • A. Scheduled
  • B. Foreign
  • C. Non Sheduled
  • D. All these
8 Bank draft is issued by the bank when the debtor and creditor belngs to.
  • A. To differnet citiies/Country
  • B. With in same city
  • C. Two different families
  • D. All these
9 Increase in ratio of cash reserve of scheduled banks.
  • A. Increase of credit creation
  • B. Stop credit creation
  • C. Decreased in credit creation
  • D. None of these
10 While deposting money in your a/c you must use.
  • A. Pay in slip
  • B. Deposit slip
  • C. Credit voucher
  • D. All of these

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    Muhammad Tayyab Azam

    07 Apr 2018

    my name manshan

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