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
ic

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 advantages of e banking
  • A. 3
  • B. 4
  • C. 5
  • D. 6
2 How many merits of debit card
  • A. 5
  • B. 6
  • C. 7
  • D. 8
3 Up to December 1965, Pakistan used method of note issue.
  • A. Proportional Reserve system
  • B. Min. Reserve system
  • C. Fixed fiduciary system
  • D. All of these
4 Which 0f the following is the objective of central bank.
  • A. Economic Development
  • B. Helping govt.
  • C. Welfare of Economy
  • D. All the above
5 What is necessary to withdraw money through ATM
  • A. I.D. card
  • B. Cheque
  • C. Pin code
  • D. None of these
6 Loan Create
  • A. Monopoly
  • B. Inflation
  • C. Deposits
  • D. All the above
7 What is the full form is ATM
  • A. Automated Teller Machine
  • B. <div><table id="AcrFinder" style="box-sizing: inherit; color: rgb(64, 64, 64); font-size: 13px; border-spacing: 0px;"><tbody style="box-sizing: inherit;"><tr data-cat="3" style="box-sizing: inherit;"><td style="box-sizing: inherit;"><span class="hvr" style="box-sizing: inherit;">Asynchronous</span><span class="hvr" style="box-sizing: inherit;">Transfer</span><span class="hvr" style="box-sizing: inherit;">Mode</span></td></tr></tbody></table></div>
  • C. <div><table id="AcrFinder" style="box-sizing: inherit; color: rgb(64, 64, 64); font-size: 13px; border-spacing: 0px;"><tbody style="box-sizing: inherit;"><tr data-cat="4" style="box-sizing: inherit;"><td style="box-sizing: inherit;"><span class="hvr" style="box-sizing: inherit;">Air</span><span class="hvr" style="box-sizing: inherit;">Traffic</span><span class="hvr" style="box-sizing: inherit;">Management</span></td></tr></tbody></table></div>
  • D. None of these
8 In the presence of cleairng house the use of cash transactions between banks
  • A. Increases
  • B. Decreases
  • C. Stops
  • D. NO effect
9 Open market operation means.
  • A. Purchase and sale of shares
  • B. Purchases and sale of securities
  • C. Purchase and sale of assets
  • D. None of these
10 A represntative handed over cheques to other banks are called.
  • A. Outwaard clearing
  • B. Direct cheaning
  • C. Inward Clearing
  • D. Indirect Clearing

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