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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test MCQs With Answers
Question # 1
What is necessary to withdraw money through ATM
Choose an answer
I.D. card
Cheque
Pin code
None of these
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Question # 2
In how many days would a schque between banks clear through the clearing system.
Choose an answer
7 days
3 days
10 days
5 days
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Question # 3
How many benefits of bankers
Choose an answer
4
5
6
7
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Question # 4
Up to December 1965, Pakistan used method of note issue.
Choose an answer
Proportional Reserve system
Min. Reserve system
Fixed fiduciary system
All of these
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Question # 5
A represntative handed over cheques to other banks are called.
Choose an answer
Outwaard clearing
Direct cheaning
Inward Clearing
Indirect Clearing
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Question # 6
After 31st Decemebr 1965 Pakistan use
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Min. Reserve system
Fixed Fiduciary system
Proportional Reserve
None of these
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Question # 7
Qualitative methods are control over.
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Currency
Govt
Banks
Public
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Question # 8
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 # 9
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 # 10
The rate at which commercial banks and centrla bank buys and sells foreign currency.
Choose an answer
Bank Rate
Inter Bank rate
Intrest rate
Discount rate
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Question # 11
State Bank of Pakistan can also be called as.
Choose an answer
Central Bank
Reserve Bank
Monetary Authority
All the above
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Question # 12
How many advantages of e banking
Choose an answer
3
4
5
6
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Question # 13
The Central Bank sells Govt. Securities in.
Choose an answer
Summer
Deflation
Winter
Inflation
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Question # 14
Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.
Choose an answer
12th
13th
14th
15th
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Question # 15
If Central Bank wants to increase the quantity of money in country it.
Choose an answer
Sells securities
Purchase securities
Create Credit
All the above
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Question # 16
Which 0f the following is the objective of central bank.
Choose an answer
Economic Development
Helping govt.
Welfare of Economy
All the above
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