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	Which bank account is exempted from income tax and zakat:	Saving account Fixed deposit Foreign currency account All of the above
2	A pass book is issued to:	Current accountholder Saving accountholder Both A & B None of the above
3	Saving account can be opened by:	An individual A group of persons The institutions All of the above
4	The amount of money in the amount of account holder is called:	Profit Interest Deposit Loan
5	Who does get the benefit of opening an account in bank:	Bank Account holder Government All of the above
6	When was Islamic Banking System introduced in Pakistan:	1970 1972 1981 1982
7	Pay-in-slip is a written evidence of:	Transferring money Depositing money With draw money All of the above
8	Customer can with draw money only after the expiry of fixed time:	From saving account From current account From fixed deposit From all of the above
9	Central bank provides the following facility to scheduled banks:	Feast Godown Clearing house None of the above
10	The central bank works under the rules framed by:	Government People Different banks All of the above
11	The transmission of following is stopped due to clearing house:	Credit money Metallic money Cash money All of the above
12	In case of inflation in the country, the rate of margin is:	Increased Reduced Waived All of the above
13	The external value of local currency is stablized through:	Monetary policy Increase in prices Trade policy All of the above
14	If the quatity of money in circulation increases then this situation is called:	Inflation Deflation Money market All of the above
15	The institution responsible for the contraction and expansion of money in the best interest of general public is called:	Commercial bank Clearing house Central bank Chamber of commerce

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