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 of the following accounts is non-transferable	Saving account Fixed deposit account Current account None of the above
2	An account holder does not need to write a cheque to withdraw money from following account	Saving account Fixed deposit account Current account None of the above
3	What type of account is preferred by a businessman	Saving account Fixed deposits Current account Foreign currency account
4	The money deposited in the bank is considered by a customer as	Asset Liability Investment Saving
5	Which is demanded by a bank at the time of opening new account	Birth certificate Source of income Educational qualification All of the above
6	On which account a bank does not pay interest	Saving account Fixed deposits Current account All of the above
7	The following bank can open its branch in foreign country	Scheduled bank Non-scheduled bank Both a and b None of the these
8	In financial crises, the central bank issues loan to	Non-scheduled bank Foreign bank Scheduled bank All the above
9	It is necessary for scheduled bank to	Act on the instructions of central bank Submit report to central bank Get the books checked Al the above
10	Non-scheduled bank can	Deal in foreign exchange Attain the of public confidence Open new branch without permission All the above
11	What percentage of total assets a scheduled bank is bound to keep within the country	60% 70% 80% 90%
12	Central bank does not provide the following facility to non-scheduled bank	Rediscounting of bills Clearing house Transfer of money All the above
13	Scheduled bank is registered under state bank of Pakistan Act	1965 1956 1950 None of the above
14	Which of the following banks performs its functions according to the instructions of central bank	Foreign bank Scheduled bank Non-scheduled bank All the above
15	Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank	Prospectus of bank Copy of bye-laws Audited annual report of bank Certificate of incorporation

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