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

When was PICIC established

Question # 2

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

Question # 3

The statement of Pakistan was inaugurated by:

Question # 4

The rate which keeps the balance of payment in equilibrium.

Question # 5

What is the number of members in the management body of ZTBL

Question # 6

Decrease in the value of home currency as compare to foreign currency.

Question # 7

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

Question # 8

Where is the head office of ZTBL

Question # 9

These thories of foreign exchange rate include.

Question # 10

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

Question # 11

PICIC was established as

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

Which of the following industry is financed by PICIC

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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 The main objectives of foreign exchange control are.
A. Stablilize exchange rate
B. Increase Govt.Revenue
C. Protect domestic industires
D. All of these
4 What is the number of members in the managements body of PICIC
A. 12
B. 21
C. 5
D. 7
5 State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange
A. Statement
B. License
C. Certificate
D. All the above
6 When were the Pakistani banks nationalized:
A. 1974
B. 1984
C. 1990
D. 1994
7 The various kinds of exchange rate includes.
A. Official rate
B. Spot rate
C. Forward rate
D. All of these
8 When did the National Bank start its functions as the agent of SBP:
A. 1949
B. 1950
C. 1951
D. 1952
9 When ADFC came into existence
A. 1951
B. 1961
C. 1965
D. 1970
10 A mechanism by which international indebtedness is settle dbetween one country and another.
A. Indebtedness
B. Foreign Debts
C. Foreign exchange
D. All these

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