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 Qarz-Hasna is available for the studies of
  • A. Engineering
  • B. Agriculture
  • C. Commerce
  • D. All the above
2 PTC are issued in place of
  • A. Shares
  • B. Debentures
  • C. Bonds
  • D. None of these
3 What is necessary to withdraw money through ATM.
  • A. ATM card
  • B. PIN number
  • C. ATM terminal
  • D. All of these
4 The advantages of E-Banking are.
  • A. Time saving
  • B. No need to carry cash
  • C. Facility of BACS
  • D. All of these
5 Under Islamic modes of financing, lending includes
  • A. Service charges
  • B. Qarze-Hasna
  • C. Both a and b
  • D. None of the above
6 The products of E-Banking are.
  • A. ATM cards
  • B. Credit cards
  • C. Debt cards
  • D. All of these
7 To meet the modern banking transactions Requirements SBP introduced.
  • A. E- Banking
  • B. Islamic Banking
  • C. Office banking
  • D. All of these
8 When was the process of Islamization of banking started in Pakistan
  • A. 1977
  • B. 1980
  • C. 1982
  • D. 1982
9 The features of debit card, credit card and ATM card.
  • A. magnetic strip
  • B. Specific number
  • C. electronic ship
  • D. All of these
10 Who can issue participation term certificates
  • A. Firm
  • B. Company
  • C. Cooperative society
  • D. All the above

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