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

Which of the following industry is financed by PICIC

Question # 2

The demand for foreign exchange comes when.

Question # 3

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

Question # 4

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

Question # 5

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

Question # 6

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

Question # 7

The instruments which are used in foreign receipts and payments called.

Question # 8

The market where foreign moneys are bought and sold is.

Question # 9

The main objectives of foreign exchange control are.

Question # 10

When was ADBP established

Question # 11

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

Question # 12

PICIC was established as

Question # 13

When ADFC came into existence

Question # 14

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

Question # 15

The various kinds of exchange rate includes.

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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 demand for and supply of foreign exchange is regulated by.
A. Central bank
B. World bank
C. Commercial bank
D. All of these
2 Methods for making foreign payments includes.
A. Letter of credit
B. Foreign bills of exchange
C. Foreing bank draft
D. All of these
3 What is the number of members in the management body of ZTBL
A. 5
B. 8
C. 10
D. 12
4 When were the Pakistani banks nationalized:
A. 1974
B. 1984
C. 1990
D. 1994
5 When was PICIC established
A. 1950
B. 1951
C. 1957
D. 1961
6 The rate which keeps the balance of payment in equilibrium.
A. Equilibrium rate
B. Foreign exchange rate
C. Currency Rate
D. Dollar rate
7 Sate Bank of Pakistan advises the federal and provincial governments on following matter
A. Administrative
B. Financial
C. Political
D. All the above
8 Purchasing power theory of foreign exchange was given by.
A. Hartly
B. Gustav Cassel
C. D .Cock
D. None of these
9 The demand for foreign exchange comes when.
A. Purchases of foreign securites
B. Students go abroad
C. Goods are imported
D. All of these
10 When was the National Bank Of Pkaistan established:
A. 1948
B. 1949
C. 1950
D. 1951

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