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	The Weapons of Monetary policy are.	A. Two B. Three C. Four D. Five
2	The quantitative methods of credit control are in nature.	A. General B. Selective C. Optional D. None of these
3	Part of cash of scheduled banks kept by centrla bank as per law is called.	A. Specific reserves B. Satutory reserves C. Gneral Reserves D. All the above
4	State Bank of Pakistan Act is.	A. 1956 B. 1932 C. 1962 D. 1984
5	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
6	ATM is used to withdraw money from the	A. Branch of bank in which we have the account B. Any branch of concerned bank C. Other banks D. All the above
7	Which 0f the following is the objective of central bank.	A. Economic Development B. Helping govt. C. Welfare of Economy D. All the above
8	A represntative handed over cheques to other banks are called.	A. Outwaard clearing B. Direct cheaning C. Inward Clearing D. Indirect Clearing
9	The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.	A. Commission B. Rent C. Intrest D. Carriage
10	The Governor of SBP is oppointed for.	A. Five years B. Four years C. Three years D. Two years