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 In how many days would a schque between banks clear through the clearing system.
  • A. 7 days
  • B. 3 days
  • C. 10 days
  • D. 5 days
2 The departments of State Bank of Pakistan includes.
  • A. Note issuing deptt
  • B. Bankng deptt
  • C. Foreign exchange deptt
  • D. All the above
3 How many benefits of bankers
  • A. 4
  • B. 5
  • C. 6
  • D. 7
4 Certain Percentage of Gold to issue currency notes.
  • A. Fixed Fiduciary method
  • B. Proportionate Reserve
  • C. Min. Reserve system
  • D. None of these
5 Major function of Central Bank is.
  • A. Open account
  • B. Provide lockers
  • C. Issue currency notes
  • D. All of the above
6 If Central Bank wants to increase the quantity of money in country it.
  • A. Sells securities
  • B. Purchase securities
  • C. Create Credit
  • D. All the above
7 The quantitative methods of credit control are in nature.
  • A. General
  • B. Selective
  • C. Optional
  • D. None of these
8 Qualitative methods of monetary policy donot include.
  • A. Bank rate policy
  • B. Direct Actions
  • C. Publicity
  • D. Moral persuasion
9 After 31st Decemebr 1965 Pakistan use
  • A. Min. Reserve system
  • B. Fixed Fiduciary system
  • C. Proportional Reserve
  • D. None of these
10 Which method of note issue is prevailing in Pakistan after 1965
  • A. Min. Reserve System
  • B. Proportional system
  • C. Fixed Fiduciary system
  • D. None of the above

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