12th Class ICom Part 2 Principles of Banking Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Banking Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Account example from Zakat and Tax	B.B.A. Account Current account Foreign Currency Account None of these
2	Over draft facility is provided only on.	Saving Account Fixed Deposit Account Current Account All the above<hr id="null"><hr id="null">
3	Account suitable for salaried person.	Fixed Deposit account Current Account Saving Account Term Deposit Account
4	Normally bank does not pay intrest on	Saving Account Fixed Deposit Account Current Account B.B.A. Account
5	Under which Section Scheduled Bank can open new branch.	Section 38 Section 39 Section 40 Section 41
6	Non- Scheduled banks are formed under co-opeative society Act.	1932 1925 1984 1911
7	Non -Scheduled banks are formed under.	Sole trader ship Firm Joint Stock Co. Co-operative society Act
8	Participation term certificate are issued by.	Sole trader ship Firm Joint Stock Co. Co-operative society
9	Participation term certificates are issued in place of.	Shares Debentures NIT Units All these
10	Which form of automated payment would be better in paying wages to employee	BACS Standing order Direct Debit Credit transfer
11	The document acquire to convert non -scheduled into scheduled bank	Prospectus Debentures By laws copy Audited Annual Report
12	Can open new branch without the consent of Centrla Branch.	Scheduled Bank State Bank of Pakistan Non -Scheduled Bank Bank of England
13	Central Bank provide the facility to Scheduled Banks.	Rediscounting Bills Clearing House Transfer of Money All the above
14	Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.	Section 38 Section 33 Section 37 Section 40
15	Scheduled Bank Can be registered under SBP Act.	1956 Sec. 38 (1) 1957 Sec. 37 (1) 1956 Sec. 137 (1) 1956 Sec. 43(1)

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