12th class Principle of Banking chapter 3 online mcq test with answers for ICom part 2 Principle of Banking Chapter 3 (Electronic Banking)

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Sr.#	Question	Answer
1	State Bank of Pakistan can also be called as.	A. Central Bank B. Reserve Bank C. Monetary Authority D. All the above
2	Which of the following is not an objective of central bank.	A. Economic development B. Helping Govt C. Walfare of economy D. Credit creation
3	In the presence of cleairng house the use of cash transactions between banks	A. Increases B. Decreases C. Stops D. NO effect
4	What is the purpose of using credit card	A. To purchases goods and services B. To win the prized from banks C. To travel abroad D. To invest the saving
5	The capital of stat bank of the time of establishment was.	A. Rs. 30 millions B. Rs. 450 milliions C. Rs.300 millions D. Rs. 30 billions
6	If Central Bank wants to increase the quantity of money in country it.	A. Sells securities B. Purchase securities C. Create Credit D. All the above
7	First woman Governor of State Bank of Pakistan was.	A. Dr. Ishrat Hussain B. Kassim Parekh C. S.U. Durani D. Dr. shamshad Akhtar
8	The rate at which commercial banks and centrla bank buys and sells foreign currency.	A. Bank Rate B. Inter Bank rate C. Intrest rate D. Discount rate
9	How many merits of credit card	A. 7 B. 8 C. 9 D. 10
10	Which bank is called the mother of Central Banks.	A. World Bank B. Bank of Vence C. Royal Bank of Scotland D. Bank of England