12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 14 (Banking system in Pakistan)

ICOM Part 2 English Medium Principles of Banking Chapter 14 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 14 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 14 Online Test

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Question # 1

The market where foreign moneys are bought and sold is.

Question # 2

The supply of foreign exchange arises when.

Question # 3

Decrease in the value of home currency as compare to foreign currency.

Question # 4

The statement of Pakistan was inaugurated by:

Question # 5

For how many years the governor of State Bank of Pakistan is appointed:

Question # 6

What is the number of members in the managements body of PICIC

Question # 7

Purchasing power theory of foreign exchange was given by.

Question # 8

Which of the following institution was working before the establishment of ADBP

Question # 9

When was PICIC established

Question # 10

The method which is mostly use in making foreign payments are.

Question # 11

Where is the head office of IDBP:

Question # 12

When the State Bank of Pakistan came into existence

Question # 13

Which of the following industry is financed by PICIC

Question # 14

The various kinds of exchange rate includes.

Question # 15

Sate Bank of Pakistan advises the federal and provincial governments on following matter

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ICOM Part 2 English Medium Principles of Banking Chapter 14 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 The exchange of one country's currency for another foreign currency.
A. Exchange Rate
B. Money change
C. Foreign exchange
D. None of these
2 The method which is mostly use in making foreign payments are.
A. Telegraphic transfer
B. Foreign bill of exchange
C. By post
D. All of these
3 What % of shares of IDBP was held by the Govt. at the time of its establishment:
A. 49%
B. 50%
C. 51%
D. 55%
4 What is the name of central bank of Pakistan
A. State Bank of Pakistan
B. National Bank of Pakistan
C. Bank of Pakistan
D. Habib Bank Limited
5 The rate which keeps the balance of payment in equilibrium.
A. Equilibrium rate
B. Foreign exchange rate
C. Currency Rate
D. Dollar rate
6 What is the number of members in the managements body of PICIC
A. 12
B. 21
C. 5
D. 7
7 The demand for foreign exchange comes when.
A. Purchases of foreign securites
B. Students go abroad
C. Goods are imported
D. All of these
8 Which of the following institution was converted into IDBP:
A. Pakistan industrial finance corporation
B. Pakistan investment corporation
C. Industrial bank
D. Pakistan industrial and credit investment corporation
9 These thories of foreign exchange rate include.
A. Mint par parity theory
B. Ppurchasing power theory.
C. Botha a and b
D. All of these
10 When the State Bank of Pakistan came into existence
A. 1947
B. 1948
C. 1949
D. 1970

Test Questions

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