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	What is necessary to withdraw money through ATM	A. I.D. card B. Cheque C. Pin code D. None of these
2	The rate at which commercial banks and centrla bank buys and sells foreign currency.	A. Bank Rate B. Inter Bank rate C. Intrest rate D. Discount rate
3	In the presence of cleairng house the use of cash transactions between banks	A. Increases B. Decreases C. Stops D. NO effect
4	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
5	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
6	State Bank of Pakistan Act is.	A. 1956 B. 1932 C. 1962 D. 1984
7	How many benefits of bankers	A. 4 B. 5 C. 6 D. 7
8	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
9	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
10	In how many days would a schque between banks clear through the clearing system.	A. 7 days B. 3 days C. 10 days D. 5 days