12th class Principle of Banking chapter 2 online mcq test with answers for ICom part 2 Principle of Banking Chapter 2 (Commercial Bank)

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

Sr. #	Questions	Answers Choice
1	To make regular payments of a fixed amount to a stated A/c	Direct Debit Standing order Inter bank transfer All of these
2	Process of credit creation by	Central bank Commercial banks Both of these None of these
3	the card which can be used to pay for goods purchased.	ID card Credit card Chrage card Gurantee card
4	Present commercial Banks are teh Developed form of the business of.	Money Lenders gold smiths Money changers Merchants
5	Heart of Financial Structure.	Commercial bank Central bank Consortium Banks All these
6	The amount (capital) recieved by bank after issuing shares is called:	Reserve capital Paid up capital Autherized capital Issued capital
7	If the rate of interest (profit) on the bank deposits is higher then the banks keep:	Less cash reserve Less margin rate More cash reserve None of the above
8	The part of deposits kept with the central bank is called:	Cash reserve Margin Interest rate All of the above
9	The loans on which high rate of interest is charged :	Medium term loans Long term loans Short term loans Demand loans
10	The commercial banks may be:	Scheduled Non-scheduled Foreign All of the above
11	For its customers a commercial bank sells and buys:	Foreign exchange Property Securities All of the above
12	Over draft facility is only provided on:	Current account Fixed deposit Saving account All of the above
13	Which type of loan is advanced by commercial banks for meeting day-to-day requirements:	Short term loan Medium term loan Long term loan All of the above
14	The loan which can be demanded by bank at anytime:	Overdraft Demand loans Bills of exchange All of the above
15	Which amount is available for salaried and low income persons:	Current account Saving account Fixed deposit All of the above

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