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

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

Question # 2

The main objectives of foreign exchange control are.

Question # 3

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

Question # 4

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

Question # 5

When ADFC came into existence

Question # 6

Purchasing power theory of foreign exchange was presented in.

Question # 7

When the State Bank of Pakistan came into existence

Question # 8

The supply of foreign exchange arises when.

Question # 9

Where is the head office of IDBP:

Question # 10

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

Question # 11

These thories of foreign exchange rate include.

Question # 12

The market where foreign moneys are bought and sold is.

Question # 13

PICIC was established as

Question # 14

Methods for making foreign payments includes.

Question # 15

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

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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 exchange of one country's currency for another foreign currency.
A. Exchange Rate
B. Money change
C. Foreign exchange
D. None of these
2 What is the number of members in the managements body of PICIC
A. 12
B. 21
C. 5
D. 7
3 State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange
A. Statement
B. License
C. Certificate
D. All the above
4 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
5 The statement of Pakistan was inaugurated by:
A. Liaqat-Ali-Khan
B. Abdul-Rub-Nishar
C. Quaid-e-Azam
D. Nawaz-Sharif
6 A mechanism by which international indebtedness is settle dbetween one country and another.
A. Indebtedness
B. Foreign Debts
C. Foreign exchange
D. All these
7 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
8 These thories of foreign exchange rate include.
A. Mint par parity theory
B. Ppurchasing power theory.
C. Botha a and b
D. All of these
9 PICIC was established as
A. Private company
B. Limited company
C. Partnership
D. None of the above
10 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

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