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 In the presence of cleairng house the use of cash transactions between banks
  • A. Increases
  • B. Decreases
  • C. Stops
  • D. NO effect
2 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
3 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
4 How many advantages of e banking
  • A. 3
  • B. 4
  • C. 5
  • D. 6
5 How many benefits of bankers
  • A. 4
  • B. 5
  • C. 6
  • D. 7
6 Which 0f the following is the objective of central bank.
  • A. Economic Development
  • B. Helping govt.
  • C. Welfare of Economy
  • D. All the above
7 Major function of Central Bank is.
  • A. Open account
  • B. Provide lockers
  • C. Issue currency notes
  • D. All of the above
8 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
9 How many merits of debit card
  • A. 5
  • B. 6
  • C. 7
  • D. 8
10 State Bank of Pakistan Act is.
  • A. 1956
  • B. 1932
  • C. 1962
  • D. 1984

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