ICOM Part 2 English Medium Principles of Banking Chapter 3 MCQ's Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 3 (Electronic Banking)

ICOM Part 2 English Medium Principles of Banking Chapter 3 MCQ's Test

Start Chapter 3 Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 3 (Electronic Banking)

Sr. # Questions Answers Choice
1 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
2 What is the purpose of using credit card
  • A. To purchases goods and services
  • B. To win the prized from banks
  • C. To travel abroad
  • D. To invest the saving
3 Which 0f the following is the objective of central bank.
  • A. Economic Development
  • B. Helping govt.
  • C. Welfare of Economy
  • D. All the above
4 State Bank of Pakistan Amendment Act is.
  • A. 1932
  • B. 1997
  • C. 1962
  • D. 1956
5 The capital of stat bank of the time of establishment was.
  • A. Rs. 30 millions
  • B. Rs. 450 milliions
  • C. Rs.300 millions
  • D. Rs. 30 billions
6 E-Banking provides benefits to the following
  • A. Accountholder
  • B. Banker
  • C. Economy
  • D. All the above
7 The Governor of SBP is oppointed for.
  • A. Five years
  • B. Four years
  • C. Three years
  • D. Two years
8 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
9 ATM is used to withdraw money from the
  • A. Branch of bank in which we have the account
  • B. Any branch of concerned bank
  • C. Other banks
  • D. All the above
10 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

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