3rd Chapter

12th Principles of Banking Chapter 3 Test

Here you can prepare 12th Class Principles of Banking Chapter 3 Electronic Banking Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 3 online mcq test with answers for ICom part 2 Principle of Banking Chapter 3 (Electronic Banking)

This online test contains MCQs about following topics:

. Introduction and advantages . Credit card . Debit card . Automated teller machine . Online banking

ICOM Part 2 Banking Ch 3 Test
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12th class Principle of Banking chapter 3 online mcq test with answers for ICom part 2 Principle of Banking Chapter 3 (Electronic Banking)

Sr. # Questions Answers Choice
1 How many benefits of economy
  • A. 2
  • B. 3
  • C. 4
  • D. 5
2 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
3 If Central Bank wants to decreae the quantity of money in country it
  • A. Sells Securities
  • B. Purchase Securities
  • C. Create Credit
  • D. All the above
4 In case of inflation Bank rate.
  • A. Constant
  • B. Decreases
  • C. Increases
  • D. None of these
5 Quantitive methods are contral on
  • A. Banks
  • B. Currency
  • C. Govt.
  • D. Public
6 How many merits of credit card
  • A. 7
  • B. 8
  • C. 9
  • D. 10
7 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
8 The Central Bank sells Govt. Securities in.
  • A. Summer
  • B. Deflation
  • C. Winter
  • D. Inflation
9 Part of cash of scheduled banks kept by centrla bank as per law is called.
  • A. Specific reserves
  • B. Satutory reserves
  • C. Gneral Reserves
  • D. All the above
10 Which of the following is not an objective of central bank.
  • A. Economic development
  • B. Helping Govt
  • C. Walfare of economy
  • D. Credit creation

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