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 was the National Bank Of Pkaistan established:

Question # 2

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

Question # 3

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

Question # 4

The statement of Pakistan was inaugurated by:

Question # 5

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

Question # 6

Which of the following institution was converted into IDBP:

Question # 7

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

Question # 8

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

Question # 9

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

Question # 10

Which of the following industry is financed by PICIC

Question # 11

The rate which keeps the balance of payment in equilibrium.

Question # 12

When ADFC came into existence

Question # 13

What % of shares of IDBP was held by the Govt. at the time of its establishment:

Question # 14

These thories of foreign exchange rate include.

Question # 15

The market where foreign moneys are bought and sold is.

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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 was PICIC established
A. 1950
B. 1951
C. 1957
D. 1961
2 The main objectives of foreign exchange control are.
A. Stablilize exchange rate
B. Increase Govt.Revenue
C. Protect domestic industires
D. All of these
3 What is the number of members in the managements body of PICIC
A. 12
B. 21
C. 5
D. 7
4 A mechanism by which international indebtedness is settle dbetween one country and another.
A. Indebtedness
B. Foreign Debts
C. Foreign exchange
D. All these
5 When the State Bank of Pakistan came into existence
A. 1947
B. 1948
C. 1949
D. 1970
6 The various kinds of exchange rate includes.
A. Official rate
B. Spot rate
C. Forward rate
D. All of these
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 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
9 Where is the head office of IDBP:
A. Lahore
B. Faisalabad
C. Islamabad
D. Karachi
10 The statement of Pakistan was inaugurated by:
A. Liaqat-Ali-Khan
B. Abdul-Rub-Nishar
C. Quaid-e-Azam
D. Nawaz-Sharif

Test Questions

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