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	When customer deposits his money in a bank, he becomes	Mortgagee Creditor Debtor None of the above
2	When bank provides finance to its customer under an agreement of Modaraba, the customer becomes	Consumer Zarib Aamal None of the above
3	Joint-stock company can open the following account in bank	Fixed Current Saving All the above
4	Illiterate person provides to bank for his identification	Birth certificate Impression of thumb Photograph All the above
5	When a bank accepts real estate as security by way of mortgage then it is called	Aamal Zarib Mortgager Mortgagee
6	Person having an account with a bank or having some similar relation with the bank is called	Owner Debtor Consumer Customer
7	Customer can withdraw money only after the expiry of fixed time	From saving account From current account From fixed deposit From all the above
8	Which Fiqah does allow the deduction of Zakat in the application form of account opening	Hindu Shia Sunni None of the above
9	Saving accounts encourage the habit of saving among	Low income persons Investors Business people All of the above
10	Rate of interest in case of fixed deposit is	Low High Both None of the above
11	Which document a joint stock company has to provide at the time of opening account with bank	Shares Copy of bye-laws Audited annual report of company Certificate of incorporation
12	Why does it necessary for a customer t sign the specimen signature card	To match with the signatures when cheque is presented for payment To make exercise of signatures To complete documentary requirements To obtain new cheque book
13	Which of the following is provided to customer for opening the profit and loss term deposit account	Cheque bank Pay-in-slip Pass book Fixed deposits receipt
14	Maintenance of minimum balance is not required in	Current account Basic banking account Saving account None of these
15	What is necessary to continue or keep an account with the bank	Introductory preference Minimum required balance Phone number Political stability

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