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 When did the National Bank start its functions as the agent of SBP:
  • A. 1949
  • B. 1950
  • C. 1951
  • D. 1952
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 Methods for making foreign payments includes.
  • A. Letter of credit
  • B. Foreign bills of exchange
  • C. Foreing bank draft
  • D. All of these
4 Sate Bank of Pakistan advises the federal and provincial governments on following matter
  • A. Administrative
  • B. Financial
  • C. Political
  • D. All the above
5 Where is the head office of IDBP:
  • A. Lahore
  • B. Faisalabad
  • C. Islamabad
  • D. Karachi
6 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
7 When were the Pakistani banks nationalized:
  • A. 1974
  • B. 1984
  • C. 1990
  • D. 1994
8 When ADFC came into existence
  • A. 1951
  • B. 1961
  • C. 1965
  • D. 1970
9 When was PICIC established
  • A. 1950
  • B. 1951
  • C. 1957
  • D. 1961
10 When was ADBP established
  • A. 1957
  • B. 1961
  • C. 1963
  • D. 1965

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