12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 15 (Islamic Banking)

ICOM Part 2 English Medium Principles of Banking Chapter 15 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 15 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 15 Online Test

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Question # 1

Riba is the word of following language

Question # 2

The Islamic ideology council presents its formal report for Islamic banking in

Question # 3

Qarz-Hasna is available for the studies of

Question # 4

PTC are issued in place of

Question # 5

The services provided by online banking includes.

Question # 6

A Modarba may by for

Question # 7

What is necessary to withdraw money through ATM.

Question # 8

The head office of IDB is in

Question # 9

The facilities provide d by ATM machine includes

Question # 10

The features of debit card, credit card and ATM card.

Question # 11

Who can issue participation term certificates

Question # 12

Under Islamic modes of financing, lending includes

Question # 13

In Pakistan "ATM' was first of an introduced Ltd.

Question # 14

In Pakistan, the interest free modes of financing have been divided into

Question # 15

The merits of credit card.

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ICOM Part 2 English Medium Principles of Banking Chapter 15 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Under Islamic modes of financing, lending includes
A. Service charges
B. Qarze-Hasna
C. Both a and b
D. None of the above
2 In Pakistan, the interest free modes of financing have been divided into
A. Two groups
B. Three groups
C. Four groups
D. None of these
3 The charge or price for the use of money is called
A. Profit
B. Commission
C. Interest
D. Dividend
4 Riba is the word of following language
A. Urdu
B. Arabic
C. English
D. French
5 To meet the modern banking transactions Requirements SBP introduced.
A. E- Banking
B. Islamic Banking
C. Office banking
D. All of these
6 The facilities provide d by ATM machine includes
A. Mini Statement
B. Transfer funds
C. Balace inquiry
D. All of these
7 Electronic banking transaction Ordinance is.
A. 1974
B. 2002
C. 1984
D. 1962
8 The advantages of E-Banking are.
A. Time saving
B. No need to carry cash
C. Facility of BACS
D. All of these
9 Who can issue participation term certificates
A. Firm
B. Company
C. Cooperative society
D. All the above
10 When was the process of Islamization of banking started in Pakistan
A. 1977
B. 1980
C. 1982
D. 1982

Test Questions

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