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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  • Total Questions15

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Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test

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Question # 1

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

Question # 2

What is the purpose of using credit card

Question # 3

State Bank of Pakistan Act is.

Question # 4

In case of inflation Bank rate.

Question # 5

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

Question # 6

E-Banking provides benefits to the following

Question # 7

Which bank is called the mother of Central Banks.

Question # 8

Qualitative methods of monetary policy donot include.

Question # 9

How many merits of credit card

Question # 10

Major function of Central Bank is.

Question # 11

Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.

Question # 12

State Bank of Pakistan Amendment Act is.

Question # 13

The first Pakitan Note es were issued in the denomination of.

Question # 14

The rate at which commercial banks and centrla bank buys and sells foreign currency.

Question # 15

The departments of State Bank of Pakistan includes.

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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 The Governor of SBP is oppointed for.
A. Five years
B. Four years
C. Three years
D. Two years
2 State Bank of Pakistan Amendment Act is.
A. 1932
B. 1997
C. 1962
D. 1956
3 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
4 At Present the Governor of State Bank of Pakistan is.
A. Dr. Ishrat Hussain
B. Saleem Raza
C. Shahid Hafiz Kardar
D. Shahid Mahmood Wathra
5 How many products of E banking
A. 5
B. 6
C. 7
D. 8
6 Deposits create
A. Inflation
B. Loan
C. Monopoly
D. All the above
7 How many merits of credit card
A. 7
B. 8
C. 9
D. 10
8 How many advantages of e banking
A. 3
B. 4
C. 5
D. 6
9 The automatic delivery of banking products and services to customers through interactive electronic communication is called
A. E banking
B. Electronic banking
C. Both a and b
D. None of these
10 Whihc of the following is the most elastic method for issuing notes.
A. Fix fiduciary system
B. Minium Reserve system
C. Proportional Reserve system
D. None of these

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