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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test MCQs With Answers
Question # 1
In case of inflation Bank rate.
Choose an answer
Constant
Decreases
Increases
None of these
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Question # 2
State Bank of Pakistan Amendment Act is.
Choose an answer
1932
1997
1962
1956
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Question # 3
Whihc of the following is the most elastic method for issuing notes.
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Fix fiduciary system
Minium Reserve system
Proportional Reserve system
None of these
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Question # 4
Part of cash of scheduled banks kept by centrla bank as per law is called.
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Specific reserves
Satutory reserves
Gneral Reserves
All the above
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Question # 5
Which method of note issue is prevailing in Pakistan after 1965
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Min. Reserve System
Proportional system
Fixed Fiduciary system
None of the above
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Question # 6
Certain Percentage of Gold to issue currency notes.
Choose an answer
Fixed Fiduciary method
Proportionate Reserve
Min. Reserve system
None of these
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Question # 7
How many merits of debit card
Choose an answer
5
6
7
8
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Question # 8
State Bank of Pakistan Act is.
Choose an answer
1956
1932
1962
1984
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Question # 9
How many benefits of customers
Choose an answer
5
6
7
8
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Question # 10
ATM is used to withdraw money from the
Choose an answer
Branch of bank in which we have the account
Any branch of concerned bank
Other banks
All the above
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Question # 11
The principle of note issue are.
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Currency Principles
Banking Principles
Both a and b
None of these
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Question # 12
Pakistan has used methods of note issue.
Choose an answer
Proportional reserve system
Min. Reserve system
Both a and b
Fixed fiduciary system
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Question # 13
The automatic delivery of banking products and services to customers through interactive electronic communication is called
Choose an answer
E banking
Electronic banking
Both a and b
None of these
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Question # 14
The first Pakistan notes were issued in the denomination of Rs. 5. Rs.10, Rs.100 in
Choose an answer
31th December 1965
23rd March 1940
Jan 1962
October 1948
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Question # 15
After 31st Decemebr 1965 Pakistan use
Choose an answer
Min. Reserve system
Fixed Fiduciary system
Proportional Reserve
None of these
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