12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 4 (Central Bank)

ICOM Part 2 English Medium Principles of Banking Chapter 4 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test

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Question # 1

Can open new branch without the consent of Centrla Branch.

Question # 2

State Bank of Pakistan Act is

Question # 3

Which function does a central bank not perform

Question # 4

The external value of local currency is stablized through:

Question # 5

Participation term certificate are issued by.

Question # 6

Non- Scheduled banks are formed under co-opeative society Act.

Question # 7

Example of Non scheduled is

Question # 8

Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.

Question # 9

Central Bank provide the facility to Scheduled Banks.

Question # 10

Which principle is followed by central bank to issue currency notes

Question # 11

Scheduled Bank Can be registered under SBP Act.

Question # 12

Which form of automated payment would be better in paying wages to employee

Question # 13

The institution responsible for the contraction and expansion of money in the best interest of general public is called:

Question # 14

What is the purpose of monetary policy

Question # 15

It is necessary for scheduled bank to.

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ICOM Part 2 English Medium Principles of Banking Chapter 4 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Under which Section Scheduled Bank can open new branch.
A. Section 38
B. Section 39
C. Section 40
D. Section 41
2 Documents required to conert non scheduled bank into scheduled bank.
A. Memorandum of Association
B. Articles of Association
C. Audited Annual Report
D. All the above
3 Qualitative methods of monetary policy do not include:
A. Direct actions
B. Publicity
C. Bank rate policy
D. Moral pursuation
4 Example of Non scheduled is
A. ABL
B. AL-Meezan Investment Bank
C. HBL
D. NBP
5 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
6 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
7 Central Bank provide the facility to Scheduled Banks.
A. Rediscounting Bills
B. Clearing House
C. Transfer of Money
D. All the above
8 When was the first central bank of sub-continent established:
A. 1635
B. 1732
C. 1835
D. 1935
9 Which term is used in connection with monetary policy
A. Bank rate
B. Exchange rate
C. Wage rate
D. Market rate
10 Scheduled Banks are registred under state bank act.
A. 1956
B. 1984
C. 1962
D. 1932

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