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

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Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test

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Question # 1

Which of the following is meant for presenting a summary and balance of accounts of bank customers

Question # 2

Banking companies ordinace is

Question # 3

Quaid -e-Azam opened his bank account in.

Question # 4

Which bank does accept the deposits from public

Question # 5

For more credit creation a bank must have.

Question # 6

Which is the secondary function of a commercial bank.

Question # 7

To make payments of variable amounts to a stated A/c

Question # 8

Commercial bank create money.

Question # 9

The amount in fixed deposit can be

Question # 10

Which is teh secondary function of commercial bank.

Question # 11

Which type of loan is advanced by commercial banks for meeting day-to-day requirements:

Question # 12

Which of the followig is not an example of Plastic money.

Question # 13

The amount (capital) recieved by bank after issuing shares is called:

Question # 14

For commercial banks " Advancing loans' are.

Question # 15

Exchange banks are commonly known as.

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

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

Sr.# Question Answer
1 Which bank does keep the precious articles of public into its custody
A. Central bank
B. Industrial bank
C. Commercial bank
D. None of these
2 Commercial bank creates the following Money
A. Metallic
B. Credit
C. Paper
D. All the above
3 To make payments of variable amounts to a stated A/c
A. Direct Debit
B. Standing order
C. Inter bank transfer
D. Clearing House system
4 The commercial banks may be:
A. Scheduled
B. Non-scheduled
C. Foreign
D. All of the above
5 the card which can be used to pay for goods purchased.
A. ID card
B. Credit card
C. Chrage card
D. Gurantee card
6 Commercial bank create money.
A. Metallic
B. Credit
C. Paper
D. All these
7 For its customers a commercial bank sells and buys:
A. Foreign exchange
B. Property
C. Securities
D. All of the above
8 Quaid -e-Azam opened his bank account in.
A. ABL
B. MCB
C. HBL
D. NBP
9 Which bank does discount the bills of public
A. Commercial bank
B. Agricultural bank
C. Industrial bank
D. All of the above
10 The higer the cash reserve ratio.
A. Credit creation zero
B. Credit creation constant
C. Higher the credit creation
D. Lower the credit creation

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