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

The departments of State Bank of Pakistan includes.

Question # 2

State Bank of Pakistan was established on.

Question # 3

Major function of Central Bank is.

Question # 4

How many merits of debit card

Question # 5

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

Question # 6

How many benefits of bankers

Question # 7

Which bank is called the mother of Central Banks.

Question # 8

ATM is used to withdraw money from the

Question # 9

The capital of stat bank of the time of establishment was.

Question # 10

In case of inflation Bank rate.

Question # 11

What is necessary to withdraw money through ATM

Question # 12

How many merits of credit card

Question # 13

Pakistan has used methods of note issue.

Question # 14

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

Question # 15

Quantitive methods are contral on

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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 A represntative handed over cheques to other banks are called.
A. Outwaard clearing
B. Direct cheaning
C. Inward Clearing
D. Indirect Clearing
2 State Bank of Paksitan was established on
A. 1st July 1949
B. Ist July 1948
C. Ist July 1694
D. Ist July 1964
3 E-Banking provides benefits to the following
A. Accountholder
B. Banker
C. Economy
D. All the above
4 The first Pakitan Note es were issued in the denomination of.
A. Rs. 5
B. Rs. 10
C. Rs.100
D. All of these
5 How many merits of debit card
A. 5
B. 6
C. 7
D. 8
6 The principle of not issue is
A. Currency principle
B. Discount rate principle
C. Bank rate principle
D. All the above
7 After 31st Decemebr 1965 Pakistan use
A. Min. Reserve system
B. Fixed Fiduciary system
C. Proportional Reserve
D. None of these
8 In case of inflation Bank rate.
A. Constant
B. Decreases
C. Increases
D. None of these
9 What is the purpose of using credit card
A. To purchases goods and services
B. To win the prized from banks
C. To travel abroad
D. To invest the saving
10 State Bank of Pakistan can also be called as.
A. Central Bank
B. Reserve Bank
C. Monetary Authority
D. All the above

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