2nd Year Principles of Banking Chapter 3 TestElectronic Banking

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. Online banking produce the services of:

   1. Cash deposit in account

   2. Withdrawal of money from bank

   3. Transfer of money

   4. All of these

2. ATM is used to withdraw money from the:

   1. Branch of bank in which we have the account

   2. Any branch of concerned bank

   3. Other banks

   4. All the above

3. What is necessary to withdraw money through ATMP:

   1. I.D card

   2. Cheque

   3. Pin code

   4. None of the above

4. We withdraw money from ATM:

   1. The branch where account is held

   2. Any brach of the concern bank

   3. Any bank other than concerned bank

   4. All of above

5. It is used in electronic banking:

   1. Cheque

   2. Draft

   3. Credit card

   4. Promissory note

6. E-Banking benefits to the following:

   1. Account holders

   2. Bankers

   3. Economy

   4. All of these

7. Phone banking is called:

   1. Internet banking

   2. Online banking

   3. SMS banking

   4. All of these

8. Services provided by on line banking.

   1. Depositing the money into the account

   2. Withdrawal of money from bank

   3. Transfer of money

   4. All the above

9. For giveing legal protection to E-banking, State Bank of Pakistan issued Electroic transaction ordinance is:

   1. 2001

   2. 2002

   3. 2003

   4. 2004

10. What is the purpose of using credit card:

    1. To purchase goods and services

    2. To win the prizes from banks

    3. To travel abroad

    4. To invest the saving