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

When the State Bank of Pakistan came into existence

Question # 2

The exchange of one country's currency for another foreign currency.

Question # 3

Which of the following industry is financed by PICIC

Question # 4

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

Question # 5

These thories of foreign exchange rate include.

Question # 6

The demand for and supply of foreign exchange is regulated by.

Question # 7

Where is the head office of ZTBL

Question # 8

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

Question # 9

The rate which keeps the balance of payment in equilibrium.

Question # 10

The main objectives of foreign exchange control are.

Question # 11

The various kinds of exchange rate includes.

Question # 12

Purchasing power theory of foreign exchange was given by.

Question # 13

Which one of the following is not the preference of state bank of Pakistan

Question # 14

When did the National Bank start its functions as the agent of SBP:

Question # 15

A mechanism by which international indebtedness is settle dbetween one country and another.

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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 When were the Pakistani banks nationalized:
A. 1974
B. 1984
C. 1990
D. 1994
2 The rate which keeps the balance of payment in equilibrium.
A. Equilibrium rate
B. Foreign exchange rate
C. Currency Rate
D. Dollar rate
3 PICIC was established as
A. Private company
B. Limited company
C. Partnership
D. None of the above
4 When the demand of any county's currency increses than the rate of exchange becomes.
A. Unfavorable
B. Favorable
C. Equilibrium
D. None of these
5 Sate Bank of Pakistan advises the federal and provincial governments on following matter
A. Administrative
B. Financial
C. Political
D. All the above
6 Methods for making foreign payments includes.
A. Letter of credit
B. Foreign bills of exchange
C. Foreing bank draft
D. All of these
7 Which of the following industry is financed by PICIC
A. Depends upon local raw material
B. Manufactures export goods
C. Establishes under national development program
D. All the above
8 When the State Bank of Pakistan came into existence
A. 1947
B. 1948
C. 1949
D. 1970
9 The statement of Pakistan was inaugurated by:
A. Liaqat-Ali-Khan
B. Abdul-Rub-Nishar
C. Quaid-e-Azam
D. Nawaz-Sharif
10 The exchange of one country's currency for another foreign currency.
A. Exchange Rate
B. Money change
C. Foreign exchange
D. None of these

Test Questions

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