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 amount is available for salaried and low income persons:	Current account Saving account Fixed deposit All of the above
2	Formula for calculating total credit creation:	New deposit x 1/Reserve ratio New deposit x Reserve ratio/1 Reserve ratio x 1/New deposit None of the above
3	A commercial bank keeps less cash reserve if:	Cheque is used in most of the transactions Cheque house facilty is available Rediscounting facility is available All of the above
4	The forms of cash reserve of commercial bank:	Cash in hand Reserve with central bank Recievable from other banks All of the above
5	Commercial bank is called:	Banker's bank Bank of public Custodian of foreign exchange Banker to the Government
6	The important (basic) kinds of accounts opened in commercial banks are:	Two Three Four countless
7	The banks under special ordinance are formed:	By the president of any bank By the president of world bank By the president of a country All of the above
8	Whose role is consitered important in the beginning of cheque:	Three Merchants Goldsmiths Money lenders
9	The change in the address of abnk should be intimated to registar within:	Eight days Ten days Eighteen days Twenty eight days
10	The detail in the memorandum of bank is recorded :	In one paragraph In seperate paragraphs On one page All of the above
11	When was the "Reserve Bank of India" established:	1925 1935 1940 1945
12	Imperial Bank was established in:	1921 1925 1932 1937
13	The temples were used as banks in:	Italy Rome China Greece
14	When was the "Bank of Venice" established:	1127 1147 1157 1187
15	When was the "Bank of England" got the monopoly ovwe note issue:	1728 1758 1768 1778

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