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Principles of Banking Icom Part 2 English Medium Chapter 14 Online Test MCQs With Answers

Question # 1

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

Choose an answer

Exchange Rate

Money change

Foreign exchange

None of these

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Question # 2

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

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Administrative

Financial

Political

All the above

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Question # 3

When was ADBP established

Choose an answer

1957

1961

1963

1965

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Question # 4

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

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Central bank

World bank

Commercial bank

All of these

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Question # 5

What is the number of members in the management body of ZTBL

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Question # 6

PICIC was established as

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Private company

Limited company

Partnership

None of the above

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Question # 7

Methods for making foreign payments includes.

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Letter of credit

Foreign bills of exchange

Foreing bank draft

All of these

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Question # 8

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 # 9

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 # 10

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

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Expansion in banking system

Control over the supply of money

Equal distribution of credit

To earn maximum profit

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Question # 11

When the State Bank of Pakistan came into existence

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1947

1948

1949

1970

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Question # 12

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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