12th class Principle of Banking chapter 14 online mcq test with answers for ICom part 2 Principle of Banking Chapter 14 (Banking system in Pakistan)

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Sr.#	Question	Answer
1	PICIC was established as	A. Private company B. Limited company C. Partnership D. None of the above
2	The exchange of one country's currency for another foreign currency.	A. Exchange Rate B. Money change C. Foreign exchange D. None of these
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	A mechanism by which international indebtedness is settle dbetween one country and another.	A. Indebtedness B. Foreign Debts C. Foreign exchange D. All these
5	Purchasing power theory of foreign exchange was presented in.	A. 1920 B. 1962 C. 1694 D. 1881
6	When ADFC came into existence	A. 1951 B. 1961 C. 1965 D. 1970
7	What was the capital of State bank of Pakistan at the time of establishment	A. 30 millions B. 300 millions C. 30 billions D. 300 billions
8	Sate Bank of Pakistan advises the federal and provincial governments on following matter	A. Administrative B. Financial C. Political D. All the above
9	For how many years the governor of State Bank of Pakistan is appointed:	A. 3 years B. 7 years C. 10 years D. None of the above
10	What % of shares of IDBP was held by the Govt. at the time of its establishment:	A. 49% B. 50% C. 51% D. 55%