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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 2 Online Test MCQs With Answers
Question # 1
Heart of Financial Structure.
Choose an answer
Commercial bank
Central bank
Consortium Banks
All these
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Question # 2
Which affairs of Banks are revealed by articles of Banks.
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Internal
External
Political
Financial
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Question # 3
The current account nd saving account is also called
Choose an answer
Sight deposits
Chequing account
Demand deposits
All of these
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Question # 4
The amount (capital) recieved by bank after issuing shares is called:
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Reserve capital
Paid up capital
Autherized capital
Issued capital
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Question # 5
Which of the following is not an example of plastic money
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Debit card
ATM card
Currency notes
Credit card
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Question # 6
Why commercial banks keep a certain amount of money as reserve
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Meeting the requirements of customers
Meeting the requirements of central bank
Acquiring the satisfaction of having cash
Expanding the banking business
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Question # 7
Which of the followig is not an example of Plastic money.
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Debit card
ATM card
Credit card
Currency notes
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Question # 8
Which amount is available for salaried and low income persons:
Choose an answer
Current account
Saving account
Fixed deposit
All of the above
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Question # 9
Increase in ratio of cash reserve of scheduled banks.
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Increase of credit creation
Stop credit creation
Decreased in credit creation
None of these
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Question # 10
The part of deposits kept with the central bank is called:
Choose an answer
Cash reserve
Margin
Interest rate
All of the above
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Question # 11
For commercial baks deposits are.
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Assets
Liabilities
Income
Expense
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Question # 12
Cash reserve of commercial Banks includes.
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Cash in hand
Cash with SBP
Balance with other banks
All the above
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Question # 13
To make payments of variable amounts to a stated A/c
Choose an answer
Direct Debit
Standing order
Inter bank transfer
Clearing House system
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Question # 14
The amount in fixed deposit can be
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Deposited many times
Deposited only once
Withdrawn many times
None of the above
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Question # 15
In Pakistan before 1974 commercial Banks were formed under.
Choose an answer
Co's act 1932
Co's Act 1913
Co's Act 1984
None of these
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Question # 16
The loans on which high rate of interest is charged :
Choose an answer
Medium term loans
Long term loans
Short term loans
Demand loans
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