15th Chapter

12th Principles of Banking Chapter 15 Test

Here you can prepare 12th Class Principles of Banking Chapter 15 Islamic Banking Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 15 online mcq test with answers for ICom part 2 Principle of Banking Chapter 15 (Islamic Banking)

This online test contains MCQs about following topics:

. Concept on Riba and interest . Pakistan and islamic banking . Interest free modes of financing . Islamic development bank

ICOM Part 2 Banking Ch 15 Test
ic

12th class Principle of Banking chapter 15 online mcq test with answers for ICom part 2 Principle of Banking Chapter 15 (Islamic Banking)

Sr. # Questions Answers Choice
1 A Modarba may by for
  • A. Specific or multi purpose
  • B. Perpetual
  • C. Specific period
  • D. All the above
2 The advantages of E-Banking are.
  • A. Time saving
  • B. No need to carry cash
  • C. Facility of BACS
  • D. All of these
3 Electronic banking transaction Ordinance is.
  • A. 1974
  • B. 2002
  • C. 1984
  • D. 1962
4 What is necessary to withdraw money through ATM.
  • A. ATM card
  • B. PIN number
  • C. ATM terminal
  • D. All of these
5 To meet the modern banking transactions Requirements SBP introduced.
  • A. E- Banking
  • B. Islamic Banking
  • C. Office banking
  • D. All of these
6 The charge or price for the use of money is called
  • A. Profit
  • B. Commission
  • C. Interest
  • D. Dividend
7 The currency unit of the capital of IDB is
  • A. Riyal
  • B. Dollar
  • C. Dinar
  • D. None of these
8 In Pakistan "ATM' was first of an introduced Ltd.
  • A. Habib Bnak Ltd.
  • B. Allied Bank Ltd.
  • C. Muslim Commercial Bank Ltd.
  • D. National Bank of Pakistan.
9 Who can issue participation term certificates
  • A. Firm
  • B. Company
  • C. Cooperative society
  • D. All the above
10 Which of the following is not use to E-Banking .
  • A. ATM card
  • B. Credit card
  • C. Cheque
  • D. Debit cards

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