ICOM Part 2 English Medium Principles of Banking Chapter 3 MCQ's Test

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

Start Chapter 3 Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 3 (Electronic Banking)

Sr. # Questions Answers Choice
1 The Weapons of Monetary policy are.
  • A. Two
  • B. Three
  • C. Four
  • D. Five
2 State Bank of Pakistan Amendment Act is.
  • A. 1932
  • B. 1997
  • C. 1962
  • D. 1956
3 The Governor of SBP is oppointed for.
  • A. Five years
  • B. Four years
  • C. Three years
  • D. Two years
4 Which of the following is not an objective of central bank.
  • A. Economic development
  • B. Helping Govt
  • C. Walfare of economy
  • D. Credit creation
5 State Bank of Pakistan Act is.
  • A. 1956
  • B. 1932
  • C. 1962
  • D. 1984
6 How many benefits of economy
  • A. 2
  • B. 3
  • C. 4
  • D. 5
7 How many merits of debit card
  • A. 5
  • B. 6
  • C. 7
  • D. 8
8 Quantitive methods are contral on
  • A. Banks
  • B. Currency
  • C. Govt.
  • D. Public
9 Certain Percentage of Gold to issue currency notes.
  • A. Fixed Fiduciary method
  • B. Proportionate Reserve
  • C. Min. Reserve system
  • D. None of these
10 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

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