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 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
2 The first Pakistan notes were issued in the denomination of Rs. 5. Rs.10, Rs.100 in
  • A. 31th December 1965
  • B. 23rd March 1940
  • C. Jan 1962
  • D. October 1948
3 The principle of note issue are.
  • A. Currency Principles
  • B. Banking Principles
  • C. Both a and b
  • D. None of these
4 At Present the Governor of State Bank of Pakistan is.
  • A. Dr. Ishrat Hussain
  • B. Saleem Raza
  • C. Shahid Hafiz Kardar
  • D. Shahid Mahmood Wathra
5 How many products of E banking
  • A. 5
  • B. 6
  • C. 7
  • D. 8
6 Central Bank is the Leader of.
  • A. Capital Market
  • B. Money Market
  • C. Both a and b
  • D. Open market
7 The rate at which commercial banks and centrla bank buys and sells foreign currency.
  • A. Bank Rate
  • B. Inter Bank rate
  • C. Intrest rate
  • D. Discount rate
8 State Bank of Pakistan was established on.
  • A. Tuesday Ist July 1948
  • B. Wednesday Is July 1948
  • C. Thursday Ist July 1948
  • D. Friday Ist July 1948
9 A represntative handed over cheques to other banks are called.
  • A. Outwaard clearing
  • B. Direct cheaning
  • C. Inward Clearing
  • D. Indirect Clearing
10 E-Banking provides benefits to the following
  • A. Accountholder
  • B. Banker
  • C. Economy
  • D. All the above

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