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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 14 Online Test MCQs With Answers
Question # 1
A mechanism by which international indebtedness is settle dbetween one country and another.
Choose an answer
Indebtedness
Foreign Debts
Foreign exchange
All these
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Question # 2
Decrease in the value of home currency as compare to foreign currency.
Choose an answer
Inflation
Devalution
Deflation
All these
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Question # 3
The method which is mostly use in making foreign payments are.
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Telegraphic transfer
Foreign bill of exchange
By post
All of these
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Question # 4
When the demand of any county's currency increses than the rate of exchange becomes.
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Unfavorable
Favorable
Equilibrium
None of these
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Question # 5
Which of the following institution was working before the establishment of ADBP
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Agricultural development finance corporation
Agricultural development bank
Both a and b
None of the above
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Question # 6
What is the name of central bank of Pakistan
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State Bank of Pakistan
National Bank of Pakistan
Bank of Pakistan
Habib Bank Limited
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Question # 7
Purchasing power theory of foreign exchange was presented in.
Choose an answer
1920
1962
1694
1881
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Question # 8
The supply of foreign exchange arises when.
Choose an answer
Goods are exported
Students comes of country
Sale of Foreign securities
All of these
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Question # 9
The rate which keeps the balance of payment in equilibrium.
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Equilibrium rate
Foreign exchange rate
Currency Rate
Dollar rate
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Question # 10
For how many years the governor of State Bank of Pakistan is appointed:
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3 years
7 years
10 years
None of the above
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Question # 11
PICIC was established as
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Private company
Limited company
Partnership
None of the above
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Question # 12
When the State Bank of Pakistan came into existence
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1947
1948
1949
1970
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Question # 13
The main objectives of foreign exchange control are.
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Stablilize exchange rate
Increase Govt.Revenue
Protect domestic industires
All of these
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Question # 14
When was the National Bank Of Pkaistan established:
Choose an answer
1948
1949
1950
1951
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Question # 15
The instruments which are used in foreign receipts and payments called.
Choose an answer
Letter of credit
Foreign debts
Foreign exchange
None of these
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Question # 16
When was PICIC established
Choose an answer
1950
1951
1957
1961
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