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

PICIC was established as

Question # 2

The market where foreign moneys are bought and sold is.

Question # 3

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

Question # 4

Which of the following industry is financed by PICIC

Question # 5

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

Question # 6

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

Question # 7

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

Question # 8

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

Question # 9

Purchasing power theory of foreign exchange was given by.

Question # 10

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

Question # 11

Which of the following institution was converted into IDBP:

Question # 12

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

Question # 13

When were the Pakistani banks nationalized:

Question # 14

Purchasing power theory of foreign exchange was presented in.

Question # 15

Where is the head office of ZTBL

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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 various kinds of exchange rate includes.
A. Official rate
B. Spot rate
C. Forward rate
D. All of these
2 When was PICIC established
A. 1950
B. 1951
C. 1957
D. 1961
3 When the State Bank of Pakistan came into existence
A. 1947
B. 1948
C. 1949
D. 1970
4 When was ADBP established
A. 1957
B. 1961
C. 1963
D. 1965
5 Purchasing power theory of foreign exchange was presented in.
A. 1920
B. 1962
C. 1694
D. 1881
6 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
7 What % of shares of IDBP was held by the Govt. at the time of its establishment:
A. 49%
B. 50%
C. 51%
D. 55%
8 State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange
A. Statement
B. License
C. Certificate
D. All the above
9 Sate Bank of Pakistan advises the federal and provincial governments on following matter
A. Administrative
B. Financial
C. Political
D. All the above
10 The main objectives of foreign exchange control are.
A. Stablilize exchange rate
B. Increase Govt.Revenue
C. Protect domestic industires
D. All of these

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