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

The supply of foreign exchange arises when.

Question # 2

When ADFC came into existence

Question # 3

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

Question # 4

When the demand of any county's currency increses than the rate of exchange becomes.

Question # 5

The various kinds of exchange rate includes.

Question # 6

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

Question # 7

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

Question # 8

Methods for making foreign payments includes.

Question # 9

Purchasing power theory of foreign exchange was presented in.

Question # 10

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

Question # 11

Where is the head office of IDBP:

Question # 12

PICIC was established as

Question # 13

The rate which keeps the balance of payment in equilibrium.

Question # 14

What was the capital of State bank of Pakistan at the time of establishment

Question # 15

What is the name of central bank of Pakistan

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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 Purchasing power theory of foreign exchange was given by.
A. Hartly
B. Gustav Cassel
C. D .Cock
D. None of these
2 The statement of Pakistan was inaugurated by:
A. Liaqat-Ali-Khan
B. Abdul-Rub-Nishar
C. Quaid-e-Azam
D. Nawaz-Sharif
3 When the demand of any county's currency increses than the rate of exchange becomes.
A. Unfavorable
B. Favorable
C. Equilibrium
D. None of these
4 The main objectives of foreign exchange control are.
A. Stablilize exchange rate
B. Increase Govt.Revenue
C. Protect domestic industires
D. All of these
5 The demand for and supply of foreign exchange is regulated by.
A. Central bank
B. World bank
C. Commercial bank
D. All of these
6 When was the National Bank Of Pkaistan established:
A. 1948
B. 1949
C. 1950
D. 1951
7 When the State Bank of Pakistan came into existence
A. 1947
B. 1948
C. 1949
D. 1970
8 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
9 The various kinds of exchange rate includes.
A. Official rate
B. Spot rate
C. Forward rate
D. All of these
10 The rate which keeps the balance of payment in equilibrium.
A. Equilibrium rate
B. Foreign exchange rate
C. Currency Rate
D. Dollar rate

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