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
ic

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 The person who opens an account with the bank is called
  • A. Employee of bank
  • B. Customer of bank
  • C. Account holder of bank
  • D. Owner of bank
2 The other name of credit woucher is.
  • A. Credit note
  • B. Cash credit
  • C. pay in slip
  • D. Debit note
3 Parties involved in cheque.
  • A. Account Holder
  • B. Bank
  • C. Payee
  • D. All these
4 the loans which cna be demanded back by bank at any time are called.
  • A. Short term loans
  • B. Overdrats
  • C. Demand loans
  • D. Running Finance
5 No minimum balance limit requried in.
  • A. Current Account
  • B. Saving Account
  • C. Foreign Account
  • D. B.B.A Account
6 Normally bank does not pay intrest on
  • A. Saving Account
  • B. Fixed Deposit Account
  • C. Current Account
  • D. B.B.A. Account
7 It is necessary for scheduled bank to
  • A. Act on the instructions of central bank
  • B. Submit report to central bank
  • C. Get the books checked
  • D. Al the above
8 Who does get the benefit of opening an account in bank.
  • A. Bank
  • B. Account Holder
  • C. Government
  • D. All these
9 Central bank does not provide the following facility to non-scheduled bank
  • A. Rediscounting of bills
  • B. Clearing house
  • C. Transfer of money
  • D. All the above
10 The slip which is used to deposit money into bank account.
  • A. Deposit slip
  • B. Pay in slip
  • C. Credit voucher
  • D. All these

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