Question # 1

In how many days would a schque between banks clear through the clearing system.

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7 days

3 days

10 days

5 days

State Bank of Pakistan was established on.

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Tuesday Ist July 1948

Wednesday Is July 1948

Thursday Ist July 1948

Friday Ist July 1948

The Weapons of Monetary policy are.

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Two

Three

Four

Five

The principle of not issue is

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Currency principle

Discount rate principle

Bank rate principle

All the above

The Lady Phd.Governors of State Bank of Paksitan inclued.

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M. Yaqoob

Ishrat Hussain

Shamshad Akhtar

All of these

If Central Bank wants to increase the quantity of money in country it.

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Sells securities

Purchase securities

Create Credit

All the above

The first Pakistan notes were issued in the denomination of Rs. 5. Rs.10, Rs.100 in

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31th December 1965

23rd March 1940

Jan 1962

October 1948

First woman Governor of State Bank of Pakistan was.

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Dr. Ishrat Hussain

Kassim Parekh

S.U. Durani

Dr. shamshad Akhtar

The following is not used in E-Banking

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Credit card

Debit card

Cheque

All the above

State Bank of Pakistan can also be called as.

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Central Bank

Reserve Bank

Monetary Authority

All the above

Major function of Central Bank is.

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Open account

Provide lockers

Issue currency notes

All of the above

How many benefits of customers

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5

6

7

8

In case of inflation Bank rate.

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Constant

Decreases

Increases

None of these

The rate at which commercial banks and centrla bank buys and sells foreign currency.

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Bank Rate

Inter Bank rate

Intrest rate

Discount rate

Which method of note issue is prevailing in Pakistan after 1965

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Min. Reserve System

Proportional system

Fixed Fiduciary system

None of the above

What is the full form is ATM

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Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

Loan Create

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Monopoly

Inflation

Deposits

All the above

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Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test MCQs With Answers

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