12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 3 (Electronic Banking)

ICOM Part 2 English Medium Principles of Banking Chapter 3 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test"

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  • Total Questions15

  • Time Allowed20

Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test

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Question # 1

If Central Bank wants to increase the quantity of money in country it.

Question # 2

Deposits create

Question # 3

Quantitive methods are contral on

Question # 4

State Bank of Pakistan was established on.

Question # 5

The departments of State Bank of Pakistan includes.

Question # 6

The Governor of SBP is oppointed for.

Question # 7

ATM is used to withdraw money from the

Question # 8

Part of cash of scheduled banks kept by centrla bank as per law is called.

Question # 9

Pakistan has used methods of note issue.

Question # 10

How many benefits of customers

Question # 11

Major function of Central Bank is.

Question # 12

Certain Percentage of Gold to issue currency notes.

Question # 13

State Bank of Pakistan Act is.

Question # 14

The rate at which commercial banks and centrla bank buys and sells foreign currency.

Question # 15

A represntative handed over cheques to other banks are called.

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ICOM Part 2 English Medium Principles of Banking Chapter 3 MCQ's Test

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

Sr.# Question Answer
1 Loan Create
A. Monopoly
B. Inflation
C. Deposits
D. All the above
2 How many merits of debit card
A. 5
B. 6
C. 7
D. 8
3 The following is not used in E-Banking
A. Credit card
B. Debit card
C. Cheque
D. All the above
4 The quantitative methods of credit control are in nature.
A. General
B. Selective
C. Optional
D. None of these
5 E-Banking provides benefits to the following
A. Accountholder
B. Banker
C. Economy
D. All the above
6 Quantitive methods are contral on
A. Banks
B. Currency
C. Govt.
D. Public
7 If Central Bank wants to decreae the quantity of money in country it
A. Sells Securities
B. Purchase Securities
C. Create Credit
D. All the above
8 How many benefits of customers
A. 5
B. 6
C. 7
D. 8
9 Certain Percentage of Gold to issue currency notes.
A. Fixed Fiduciary method
B. Proportionate Reserve
C. Min. Reserve system
D. None of these
10 Major function of Central Bank is.
A. Open account
B. Provide lockers
C. Issue currency notes
D. All of the above

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