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

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

Sr. # Questions Answers Choice
1 Which account is called non operating account. Current account Saving account Fixed account BBA account
2 The current account nd saving account is also called Sight deposits Chequing account Demand deposits All of these
3 Polymer Currency includes Debit card ATM card Credit card All of these
4 Exchange banks are commonly known as. Foreign bank Central bank Consortium Bank None of these
5 For commercial banks " Advancing loans' are. Assets Liabilities Expenses All of these
6 Credit card payments are considered. Cash payments Credit payments Both these None of these
7 Which is the Primary functionof a commercial bank. Issue Notes Accepting Deposits Credit creation None of these
8 Commercial bank create money. Metallic Credit Paper All these
9 Commercial bank can be Scheduled Foreign Non Sheduled All these
10 The life blood of acomemrcial bank. Deposits With drawals Liabilities All these
11 Banking companies ordinace is 1962 1984 1932 1694
12 In Pakistan the bank nationalized Act is. Act 1956 Act 1932 Act 1962 Act 1974
13 Bank draft is issued by the bank when the debtor and creditor belngs to. To differnet citiies/Country With in same city Two different families All these
14 Pay Order is issued by the bank when the debtor and creditor belongs to. Two different cities With in same city Two different counties All these
15 Quaid -e-Azam opened his bank account in. ABL MCB HBL NBP
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