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

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

Question # 2

Centrak Bank Act as Lender of Last Resort to.

Question # 3

It is necessary for scheduled bank to.

Question # 4

What is the purpose of monetary policy

Question # 5

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

Question # 6

Ribs Bank of Sweden became central bank in:

Question # 7

Which principle is followed by central bank to issue currency notes

Question # 8

Which method or methods are prevailing in Pakistan for issuing notes

Question # 9

Which function does a central bank not perform

Question # 10

Non -Scheduled banks are formed under.

Question # 11

Non -Scheduled bank menas a bank which is not registred with.

Question # 12

The document acquire to convert non -scheduled into scheduled bank

Question # 13

Scheduled bank is bound to keep with the Country.

Question # 14

What are the objectives of monetary policy

Question # 15

Important functions of a central bank:

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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 Central bank bank supervises one of the following systems of a country:
A. Provincial
B. Political
C. Economical and financial
D. None of the above
2 Scheduled Bank Can be registered under SBP Act.
A. 1956 Sec. 38 (1)
B. 1957 Sec. 37 (1)
C. 1956 Sec. 137 (1)
D. 1956 Sec. 43(1)
3 Central Bank provide the facility to Scheduled Banks.
A. Rediscounting Bills
B. Clearing House
C. Transfer of Money
D. All the above
4 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
5 When was the first central bank of sub-continent established:
A. 1635
B. 1732
C. 1835
D. 1935
6 What is meant by margin requirement
A. To advance loan less than the value of security
B. To give less amount as interest than the amount of loan
C. To advance more loan than the value of security
D. To advance loan equal to the value of security
7 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
8 Which term is used in connection with monetary policy
A. Bank rate
B. Exchange rate
C. Wage rate
D. Market rate
9 Participation term certificates are issued in place of.
A. Shares
B. Debentures
C. NIT Units
D. All these
10 Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.
A. Section 38
B. Section 33
C. Section 37
D. Section 40

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