More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 2 Online Test MCQs With Answers
Question # 1
Which is teh secondary function of commercial bank.
Choose an answer
Accepting deposits
Advancing loans
Collection of cheques
All of these
Previous
Skip
Next
Question # 2
Decreas in cash reserve ratio of scheduled Banks.
Choose an answer
No effect
Decrease in credit creation
Increase in credit creation
Stope credit creation
Previous
Skip
Next
Question # 3
The current account nd saving account is also called
Choose an answer
Sight deposits
Chequing account
Demand deposits
All of these
Previous
Skip
Next
Question # 4
Which one is not the feature of good Banking system.
Choose an answer
Economic development
Inflation
Larger Capital
TYrust of public
Previous
Skip
Next
Question # 5
Current account is suitable for
Choose an answer
Capitalists
Salaried persons
Business community
None of the above
Previous
Skip
Next
Question # 6
The kind of loan according to issue
Choose an answer
Cash credit
Discounting of bill
Mortgage loan
All of the above
Previous
Skip
Next
Question # 7
Bank draft is issued by the bank when the debtor and creditor belngs to.
Choose an answer
To differnet citiies/Country
With in same city
Two different families
All these
Previous
Skip
Next
Question # 8
the card which can be used to pay for goods purchased.
Choose an answer
ID card
Credit card
Chrage card
Gurantee card
Previous
Skip
Next
Question # 9
Which of the following is a limitation in credit creation
Choose an answer
Initial deposit
Use of cheques
Use of currency
All of these
Previous
Skip
Next
Question # 10
In Pakistan the bank nationalized Act is.
Choose an answer
Act 1956
Act 1932
Act 1962
Act 1974
Previous
Skip
Next
Question # 11
Credit card payments are considered.
Choose an answer
Cash payments
Credit payments
Both these
None of these
Previous
Skip
Next
Question # 12
The important (basic) kinds of accounts opened in commercial banks are:
Choose an answer
Two
Three
Four
countless
Previous
Skip
Next
Question # 13
Which type of loan is advanced by commercial banks for meeting day-to-day requirements:
Choose an answer
Short term loan
Medium term loan
Long term loan
All of the above
Previous
Skip
Next
Question # 14
Which account is called non operating account.
Choose an answer
Current account
Saving account
Fixed account
BBA account
Previous
Skip
Next
Question # 15
The amount (capital) recieved by bank after issuing shares is called:
Choose an answer
Reserve capital
Paid up capital
Autherized capital
Issued capital
Previous
Skip
Next
Question # 16
Which of the following is meant for presenting a summary and balance of accounts of bank customers
Choose an answer
Bank statement
Balance sheet
Pass book
Prospectus
Previous
Skip
Next
Back