PU COM 2026 Banking Free Quiz 1

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PU COM 2026 Banking Free Quiz 1

PU COM Quiz

10:00

Answered: 0 / 10

Remaining: 10

Navigator 10 Q

General

General 10 MCQs

1. What is a bank?

A. Financial institution that accepts deposits and provides loans B. Insurance company C. Investment firm D. Stock exchange

2. What type of bank provides services to individuals and businesses?

A. Central bank B. Commercial banks C. Investment banks D. Savings banks

3. What is the apex bank that regulates other banks?

A. Commercial banks B. Investment banks C. Central bank D. Savings banks

4. What are the functions of a bank?

A. Accepting deposits only B. Providing loans only C. Facilitating payments only D. Accepting deposits, providing loans, facilitating payments, financial advice

5. What type of account earns interest and allows withdrawals?

A. Savings account B. Current account C. Fixed deposit D. Recurring deposit

6. What type of account allows frequent withdrawals?

A. Savings account B. Current account C. Fixed deposit D. Recurring deposit

7. What is a written order to a bank to pay a specified amount?

A. Draft B. Promissory note C. Cheque D. Bill of exchange

8. What allows customers to perform banking transactions over the internet?

A. Offline banking B. Branch banking C. Mobile banking D. Online banking

9. What type of banking operates according to Islamic principles?

A. Islamic banking B. Conventional banking C. Investment banking D. Retail banking

10. What is the central bank of Pakistan?

A. Habib Bank B. State Bank of Pakistan C. National Bank D. United Bank

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Conducting Body: University of The Punjab (PU)

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