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"

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

  • Total Questions15

  • Time Allowed20

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

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Question # 1

Loan Create

Question # 2

The principle of note issue are.

Question # 3

State Bank of Pakistan Amendment Act is.

Question # 4

After 31st Decemebr 1965 Pakistan use

Question # 5

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

Question # 6

Pakistan has used methods of note issue.

Question # 7

Which bank is called the mother of Central Banks.

Question # 8

How many merits of credit card

Question # 9

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

Question # 10

Whihc of the following is the most elastic method for issuing notes.

Question # 11

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

Question # 12

Which method of note issue is prevailing in Pakistan after 1965

Question # 13

Certain Percentage of Gold to issue currency notes.

Question # 14

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

Question # 15

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

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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 Central Bank sells Govt. Securities in.
A. Summer
B. Deflation
C. Winter
D. Inflation
2 State Bank of Pakistan can also be called as.
A. Central Bank
B. Reserve Bank
C. Monetary Authority
D. All the above
3 An increase in the reseve requirement causes.
A. More credit Creation
B. Less Credit Creation
C. Stop credit creation
D. None of these
4 The principle of note issue are.
A. Currency Principles
B. Banking Principles
C. Both a and b
D. None of these
5 A represntative handed over cheques to other banks are called.
A. Outwaard clearing
B. Direct cheaning
C. Inward Clearing
D. Indirect Clearing
6 Qualitative methods are control over.
A. Currency
B. Govt
C. Banks
D. Public
7 The following is not used in E-Banking
A. Credit card
B. Debit card
C. Cheque
D. All the above
8 Qualitative methods of monetary policy donot include.
A. Bank rate policy
B. Direct Actions
C. Publicity
D. Moral persuasion
9 Major function of Central Bank is.
A. Open account
B. Provide lockers
C. Issue currency notes
D. All of the above
10 Loan Create
A. Monopoly
B. Inflation
C. Deposits
D. All the above

Test Questions

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