Question # 1

Which account is called non operating account.

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Current account

Saving account

Fixed account

BBA account

Commercial bank can be

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Scheduled

Foreign

Non Sheduled

All these

If a credit is lost, what shuld the holder do.

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Report to employer

report to bank

Reort to insurance co.

All the above

Which of the following is a limitation in credit creation

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Initial deposit

Use of cheques

Use of currency

All of these

For commercial baks deposits are.

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Assets

Liabilities

Income

Expense

Commercial bank creates credit

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By discounting of bills

By investment

By advancing loans

All of the above

The documents which present a summary and balance of accounts of an A/C holder in bank.

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Balance sheet

Pass book

Prospectus

Bank Staement

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

Which affairs of Banks are revealed by articles of Banks.

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Internal

External

Political

Financial

Formula for calculating total credit creation:

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New deposit x 1/Reserve ratio

New deposit x Reserve ratio/1

Reserve ratio x 1/New deposit

None of the above

Which of the following is a valid method of receiving payment from debtors.

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Debit card

Credit card

ATM card

Cash

In Pakistan the bank nationalized Act is.

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Act 1956

Act 1932

Act 1962

Act 1974

United Bank Ltd. was formed on.

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1959

1949

1694

1957

Which bank does keep the precious articles of public into its custody

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Central bank

Industrial bank

Commercial bank

None of these

the card which can be used to pay for goods purchased.

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ID card

Credit card

Chrage card

Gurantee card

A commercial bank keeps less cash reserve if:

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Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

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

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