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 instruments which are used in foreign receipts and payments called.

Question # 2

Which of the following industry is financed by PICIC

Question # 3

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

Question # 4

Purchasing power theory of foreign exchange was presented in.

Question # 5

When ADFC came into existence

Question # 6

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

Question # 7

When was ADBP established

Question # 8

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

Question # 9

The statement of Pakistan was inaugurated by:

Question # 10

Methods for making foreign payments includes.

Question # 11

Where is the head office of IDBP:

Question # 12

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

Question # 13

When was the National Bank Of Pkaistan established:

Question # 14

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

Question # 15

The main objectives of foreign exchange control are.

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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 did the National Bank start its functions as the agent of SBP:
A. 1949
B. 1950
C. 1951
D. 1952
2 Decrease in the value of home currency as compare to foreign currency.
A. Inflation
B. Devalution
C. Deflation
D. All these
3 The market where foreign moneys are bought and sold is.
A. Stock market
B. Foreign exchang markets
C. Open market
D. None of these
4 Purchasing power theory of foreign exchange was presented in.
A. 1920
B. 1962
C. 1694
D. 1881
5 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
6 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
7 What is the name of central bank of Pakistan
A. State Bank of Pakistan
B. National Bank of Pakistan
C. Bank of Pakistan
D. Habib Bank Limited
8 When was ADBP established
A. 1957
B. 1961
C. 1963
D. 1965
9 The various kinds of exchange rate includes.
A. Official rate
B. Spot rate
C. Forward rate
D. All of these
10 The demand for and supply of foreign exchange is regulated by.
A. Central bank
B. World bank
C. Commercial bank
D. All of these

Test Questions

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