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

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

Question # 2

The exchange of one country's currency for another foreign currency.

Question # 3

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

Question # 4

Where is the head office of IDBP:

Question # 5

The demand for foreign exchange comes when.

Question # 6

The demand for and supply of foreign exchange is regulated by.

Question # 7

PICIC was established as

Question # 8

A mechanism by which international indebtedness is settle dbetween one country and another.

Question # 9

Which of the following industry is financed by PICIC

Question # 10

The rate which keeps the balance of payment in equilibrium.

Question # 11

When the State Bank of Pakistan came into existence

Question # 12

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

Question # 13

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

Question # 14

When was PICIC established

Question # 15

What % of shares of IDBP was held by the Govt. at the time of its establishment:

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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 Methods for making foreign payments includes.
A. Letter of credit
B. Foreign bills of exchange
C. Foreing bank draft
D. All of these
2 The statement of Pakistan was inaugurated by:
A. Liaqat-Ali-Khan
B. Abdul-Rub-Nishar
C. Quaid-e-Azam
D. Nawaz-Sharif
3 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
4 Decrease in the value of home currency as compare to foreign currency.
A. Inflation
B. Devalution
C. Deflation
D. All these
5 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
6 PICIC was established as
A. Private company
B. Limited company
C. Partnership
D. None of the above
7 The various kinds of exchange rate includes.
A. Official rate
B. Spot rate
C. Forward rate
D. All of these
8 Where is the head office of ZTBL
A. Karachi
B. Lahore
C. Peshawar
D. Islamabad
9 When was ADBP established
A. 1957
B. 1961
C. 1963
D. 1965
10 Purchasing power theory of foreign exchange was given by.
A. Hartly
B. Gustav Cassel
C. D .Cock
D. None of these

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