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

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Question # 1

In the presence of cleairng house the use of cash transactions between banks

Question # 2

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

Question # 3

How many products of E banking

Question # 4

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

Question # 5

In case of inflation Bank rate.

Question # 6

Open market operation means.

Question # 7

Services provided by on line banking

Question # 8

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

Question # 9

Major function of Central Bank is.

Question # 10

Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.

Question # 11

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

Question # 12

Which 0f the following is the objective of central bank.

Question # 13

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

Question # 14

State Bank of Paksitan was established on

Question # 15

How many benefits of bankers

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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 The automatic delivery of banking products and services to customers through interactive electronic communication is called
A. E banking
B. Electronic banking
C. Both a and b
D. None of these
2 How many merits of credit card
A. 7
B. 8
C. 9
D. 10
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 Major function of Central Bank is.
A. Open account
B. Provide lockers
C. Issue currency notes
D. All of the above
5 The first Pakistan notes were issued in the denomination of Rs. 5. Rs.10, Rs.100 in
A. 31th December 1965
B. 23rd March 1940
C. Jan 1962
D. October 1948
6 What is necessary to withdraw money through ATM
A. I.D. card
B. Cheque
C. Pin code
D. None of these
7 The following is not used in E-Banking
A. Credit card
B. Debit card
C. Cheque
D. All the above
8 Which of the following is not an objective of central bank.
A. Economic development
B. Helping Govt
C. Walfare of economy
D. Credit creation
9 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
10 Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.
A. 12th
B. 13th
C. 14th
D. 15th

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