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 Which account is considered a nn transferable account.
  • A. Saving Account
  • B. Current Account
  • C. B.B.A. Account
  • D. Term Deposit Account
3 Cheque book is not use in.
  • A. Current Account
  • B. Foreign Currency Account
  • C. B.B.A account
  • D. Fixed deposited Account
4 Following is an example of Non-Operating Account.
  • A. Current Account
  • B. Fixed Deposit Account
  • C. Foreign Currency A/c
  • D. Saving Account
5 In financial crises, the central bank issues loan to
  • A. Non-scheduled bank
  • B. Foreign bank
  • C. Scheduled bank
  • D. All the above
6 In Islamic banking overdraft means.
  • A. Debit balance
  • B. Running finance
  • C. Favorable balnce
  • D. Nil Balance
7 All information of pass book is filled by.
  • A. Bank offcials
  • B. Payee
  • C. Drawer
  • D. Account Holder
8 Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank
  • A. Prospectus of bank
  • B. Copy of bye-laws
  • C. Audited annual report of bank
  • D. Certificate of incorporation
9 The following bank can open its branch in foreign country
  • A. Scheduled bank
  • B. Non-scheduled bank
  • C. Both a and b
  • D. None of the these
10 Scheduled bank is registered under state bank of Pakistan Act
  • A. 1965
  • B. 1956
  • C. 1950
  • D. None of the above

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