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

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

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Question # 1

In how many days would a schque between banks clear through the clearing system.

Question # 2

Up to December 1965, Pakistan used method of note issue.

Question # 3

The automatic delivery of banking products and services to customers through interactive electronic communication is called

Question # 4

Pakistan has used methods of note issue.

Question # 5

Which of the following is not an objective of central bank.

Question # 6

Qualitative methods are control over.

Question # 7

State Bank of Pakistan was established on.

Question # 8

Open market operation means.

Question # 9

State Bank of Pakistan can also be called as.

Question # 10

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

Question # 11

Major function of Central Bank is.

Question # 12

How many benefits of customers

Question # 13

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

Question # 14

Which bank is called the mother of Central Banks.

Question # 15

Part of cash of scheduled banks kept by centrla bank as per law is 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 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
2 Central Bank is the Leader of.
A. Capital Market
B. Money Market
C. Both a and b
D. Open market
3 Certain Percentage of Gold to issue currency notes.
A. Fixed Fiduciary method
B. Proportionate Reserve
C. Min. Reserve system
D. None of these
4 How many benefits of customers
A. 5
B. 6
C. 7
D. 8
5 State Bank of Pakistan Act is.
A. 1956
B. 1932
C. 1962
D. 1984
6 State Bank of Pakistan Amendment Act is.
A. 1932
B. 1997
C. 1962
D. 1956
7 Services provided by on line banking
A. Depositing the money into the account
B. Withdrawal the money from bank
C. Transfer of money
D. All the above
8 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
9 The Central Bank sells Govt. Securities in.
A. Summer
B. Deflation
C. Winter
D. Inflation
10 After 31st Decemebr 1965 Pakistan use
A. Min. Reserve system
B. Fixed Fiduciary system
C. Proportional Reserve
D. None of these

Test Questions