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 market where foreign moneys are bought and sold is.

Question # 2

Where is the head office of ZTBL

Question # 3

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

Question # 4

When was PICIC established

Question # 5

Methods for making foreign payments includes.

Question # 6

These thories of foreign exchange rate include.

Question # 7

Where is the head office of IDBP:

Question # 8

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

Question # 9

The statement of Pakistan was inaugurated by:

Question # 10

Which of the following institution was converted into IDBP:

Question # 11

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

Question # 12

When were the Pakistani banks nationalized:

Question # 13

When was ADBP established

Question # 14

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

Question # 15

Which of the following institution was working before the establishment of ADBP

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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 When ADFC came into existence
A. 1951
B. 1961
C. 1965
D. 1970
2 Methods for making foreign payments includes.
A. Letter of credit
B. Foreign bills of exchange
C. Foreing bank draft
D. All of these
3 The demand for foreign exchange comes when.
A. Purchases of foreign securites
B. Students go abroad
C. Goods are imported
D. All of these
4 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
5 Which of the following institution was working before the establishment of ADBP
A. Agricultural development finance corporation
B. Agricultural development bank
C. Both a and b
D. None of the above
6 The rate which keeps the balance of payment in equilibrium.
A. Equilibrium rate
B. Foreign exchange rate
C. Currency Rate
D. Dollar rate
7 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
8 Where is the head office of ZTBL
A. Karachi
B. Lahore
C. Peshawar
D. Islamabad
9 Which of the following institution was converted into IDBP:
A. Pakistan industrial finance corporation
B. Pakistan investment corporation
C. Industrial bank
D. Pakistan industrial and credit investment corporation
10 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

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