Question # 1

Which one is not the feature of good Banking system.

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Economic development

Inflation

Larger Capital

TYrust of public

For commercial banks deposits are.

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Assets

Liabilities

Income

Expense

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

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

Bank draft is issued by the bank when the debtor and creditor belngs to.

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To differnet citiies/Country

With in same city

Two different families

All these

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

In Pakistan before 1974 commercial Banks were formed under.

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Co's act 1932

Co's Act 1913

Co's Act 1984

None of these

Which of the following functions is performed by commercial bank

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Issuance of currency notes

Credit creation

Rediscounting of bills

Preparation of monetary policy

Present commercial Banks are teh Developed form of the business of.

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Money Lenders

gold smiths

Money changers

Merchants

While depositing money in your a/c , you must use.

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Pay - in slip

Deposit slip

Credit voucher

All these

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

Polymer Currency includes

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Debit card

ATM card

Credit card

All of these

Commercial bank advises its customers on

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Household matters

Financial matters

Political matters

All the above

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

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ID card

Credit card

Chrage card

Gurantee card

Habib Bank Limited was formed on.

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1941

1931

1951

1961

Which is the Primary functionof a commercial bank.

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Issue Notes

Accepting Deposits

Credit creation

None of these

In Pakistan the bank nationalized Act is.

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Act 1956

Act 1932

Act 1962

Act 1974

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

The relation ship between Cash Reserve and credit creation is.

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No relationship

Direct

Inverse

One way

The part of deposits kept with the central bank is called:

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Cash reserve

Margin

Interest rate

All of the above

Commercial bank create money.

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Metallic

Credit

Paper

All these

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

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