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 demand for foreign exchange comes when.

Question # 2

Where is the head office of ZTBL

Question # 3

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

Question # 4

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

Question # 5

The supply of foreign exchange arises when.

Question # 6

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

Question # 7

For how many years the governor of State Bank of Pakistan is appointed:

Question # 8

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

Question # 9

Which of the following industry is financed by PICIC

Question # 10

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

Question # 11

The rate which keeps the balance of payment in equilibrium.

Question # 12

The main objectives of foreign exchange control are.

Question # 13

The method which is mostly use in making foreign payments are.

Question # 14

What is the number of members in the managements body of PICIC

Question # 15

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

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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 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
2 PICIC was established as
A. Private company
B. Limited company
C. Partnership
D. None of the above
3 Where is the head office of IDBP:
A. Lahore
B. Faisalabad
C. Islamabad
D. Karachi
4 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
5 The market where foreign moneys are bought and sold is.
A. Stock market
B. Foreign exchang markets
C. Open market
D. None of these
6 When was PICIC established
A. 1950
B. 1951
C. 1957
D. 1961
7 Purchasing power theory of foreign exchange was given by.
A. Hartly
B. Gustav Cassel
C. D .Cock
D. None of these
8 Where is the head office of ZTBL
A. Karachi
B. Lahore
C. Peshawar
D. Islamabad
9 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
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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