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	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
2	A represntative handed over cheques to other banks are called.	A. Outwaard clearing B. Direct cheaning C. Inward Clearing D. Indirect Clearing
3	Quantitive methods are contral on	A. Banks B. Currency C. Govt. D. Public
4	The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.	A. Commission B. Rent C. Intrest D. Carriage
5	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
6	State Bank of Pakistan Act is.	A. 1956 B. 1932 C. 1962 D. 1984
7	How many products of E banking	A. 5 B. 6 C. 7 D. 8
8	Which 0f the following is the objective of central bank.	A. Economic Development B. Helping govt. C. Welfare of Economy D. All the above
9	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
10	How many benefits of customers	A. 5 B. 6 C. 7 D. 8