Question # 1

Heart of Financial Structure.

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Commercial bank

Central bank

Consortium Banks

All these

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

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of these

For commercial banks " Advancing loans' are.

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Assets

Liabilities

Expenses

All of these

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

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

Credit card payments are considered.

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Cash payments

Credit payments

Both these

None of these

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

Commercial bank create money.

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Metallic

Credit

Paper

All these

Which of the following is not an example of plastic money

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Debit card

ATM card

Currency notes

Credit card

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

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

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Bank statement

Balance sheet

Pass book

Prospectus

Which bank does accept the deposits from public

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Commercial bank

Central bank

Foreign exchange bank

All the above

Which amount is available for salaried and low income persons:

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Current account

Saving account

Fixed deposit

All of the above

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

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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