5th Chapter

12th Principles of Banking Chapter 5 Test

Here you can prepare 12th Class Principles of Banking Chapter 5 Scheduled & Non Scheduled Banks Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 5 online mcq test with answers for ICom part 2 Principle of Banking Chapter 5 (Scheduled & Non Scheduled Banks)

This online test contains MCQs about following topics:

. Definition of scheduled & non-scheduled bank . Difference between scheduled & non-scheduled bank . Merits of scheduled bank . Procedure to convert non-scheduled . Bank into scheduled bank

ICOM Part 2 Banking Ch 5 Test
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12th class Principle of Banking chapter 5 online mcq test with answers for ICom part 2 Principle of Banking Chapter 5 (Scheduled & Non Scheduled Banks)

Sr. # Questions Answers Choice
1 Running Finance is also known as.
  • A. Saving Account
  • B. Current Account
  • C. Overdraft
  • D. Fixed Account
2 In Islamic banking overdraft means.
  • A. Debit balance
  • B. Running finance
  • C. Favorable balnce
  • D. Nil Balance
3 Account Suitable for businessmen
  • A. Saving account
  • B. Fixed Account
  • C. PLS account
  • D. Current Account
4 Account example from Zakat and Tax
  • A. B.B.A. Account
  • B. Current account
  • C. Foreign Currency Account
  • D. None of these
5 Which of the following Account willbe non -remuneratation account.
  • A. Current account
  • B. Saving Account
  • C. Fixed Deposit account
  • D. B.B.A. Account
6 What is the example of Scheduled bank
  • A. Habib bank Ltd.
  • B. Allied bank Ltd. in Pakistan
  • C. Both a and b
  • D. None of these
7 What percentage of total assets a scheduled bank is bound to keep within the country
  • A. 60%
  • B. 70%
  • C. 80%
  • D. 90%
8 No minimum balance limit requried in.
  • A. Current Account
  • B. Saving Account
  • C. Foreign Account
  • D. B.B.A Account
9 Which of the following banks cannot open its new branch without the permission of central bank
  • A. Non-scheduled bank
  • B. Scheduled bank
  • C. Chartered bank
  • D. All of the above
10 Amount with drawn from Bank without using cheque.
  • A. ID Card
  • B. VISA card
  • C. ATM and Debit Card
  • D. Credit Card

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