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 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.
2 Trade related Islamic modes of financing do not include
  • A. Musharika
  • B. Mark up
  • C. Leasing
  • D. Hire-purchase
3 IDB was opened on
  • A. Oct. 1973
  • B. Oct. 1975
  • C. Oct. 1977
  • D. None of these
4 What is necessary to withdraw money through ATM.
  • A. ATM card
  • B. PIN number
  • C. ATM terminal
  • D. All of these
5 The facilities provide d by ATM machine includes
  • A. Mini Statement
  • B. Transfer funds
  • C. Balace inquiry
  • D. All of these
6 The purpose of using credit card is.
  • A. Purchase goods and services
  • B. Deposit cheque
  • C. Withdraw money
  • D. Deposit cash
7 In Pakistan, the interest free modes of financing have been divided into
  • A. Two groups
  • B. Three groups
  • C. Four groups
  • D. None of these
8 The currency unit of the capital of IDB is
  • A. Riyal
  • B. Dollar
  • C. Dinar
  • D. None of these
9 The services provided by online banking includes.
  • A. Depositing money
  • B. Transfer money
  • C. With draw money
  • D. All of these
10 The charge or price for the use of money is called
  • A. Profit
  • B. Commission
  • C. Interest
  • D. Dividend

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