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 What is the number of members in the managements body of PICIC
  • A. 12
  • B. 21
  • C. 5
  • D. 7
2 The various kinds of exchange rate includes.
  • A. Official rate
  • B. Spot rate
  • C. Forward rate
  • D. All of these
3 The instruments which are used in foreign receipts and payments called.
  • A. Letter of credit
  • B. Foreign debts
  • C. Foreign exchange
  • D. None of these
4 The exchange of one country's currency for another foreign currency.
  • A. Exchange Rate
  • B. Money change
  • C. Foreign exchange
  • D. None of these
5 PICIC was established as
  • A. Private company
  • B. Limited company
  • C. Partnership
  • D. None of the above
6 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
7 A mechanism by which international indebtedness is settle dbetween one country and another.
  • A. Indebtedness
  • B. Foreign Debts
  • C. Foreign exchange
  • D. All these
8 When ADFC came into existence
  • A. 1951
  • B. 1961
  • C. 1965
  • D. 1970
9 When was the National Bank Of Pkaistan established:
  • A. 1948
  • B. 1949
  • C. 1950
  • D. 1951
10 When was PICIC established
  • A. 1950
  • B. 1951
  • C. 1957
  • D. 1961

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