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

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

Start Chapter 14 Test

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

Sr. # Questions Answers Choice
1 Where is the head office of IDBP:
  • A. Lahore
  • B. Faisalabad
  • C. Islamabad
  • D. Karachi
2 State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange
  • A. Statement
  • B. License
  • C. Certificate
  • D. All the above
3 Decrease in the value of home currency as compare to foreign currency.
  • A. Inflation
  • B. Devalution
  • C. Deflation
  • D. All these
4 The statement of Pakistan was inaugurated by:
  • A. Liaqat-Ali-Khan
  • B. Abdul-Rub-Nishar
  • C. Quaid-e-Azam
  • D. Nawaz-Sharif
5 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
6 The exchange of one country's currency for another foreign currency.
  • A. Exchange Rate
  • B. Money change
  • C. Foreign exchange
  • D. None of these
7 Purchasing power theory of foreign exchange was presented in.
  • A. 1920
  • B. 1962
  • C. 1694
  • D. 1881
8 The supply of foreign exchange arises when.
  • A. Goods are exported
  • B. Students comes of country
  • C. Sale of Foreign securities
  • D. All of these
9 Which of the following institution was working before the establishment of ADBP
  • A. Agricultural development finance corporation
  • B. Agricultural development bank
  • C. Both a and b
  • D. None of the above
10 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

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