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

Non -Scheduled banks are formed under.

Question # 2

Important functions of a central bank:

Question # 3

The external value of local currency is stablized through:

Question # 4

Which method or methods are prevailing in Pakistan for issuing notes

Question # 5

Documents required to conert non scheduled bank into scheduled bank.

Question # 6

If credit money is controlled by the sale and purchase of government securities, it is called

Question # 7

In case of inflation in the country, the rate of margin is:

Question # 8

Centrak Bank Act as Lender of Last Resort to.

Question # 9

State Bank of Pakistan Act is

Question # 10

Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue

Question # 11

The document acquire to convert non -scheduled into scheduled bank

Question # 12

Which function does a central bank not perform

Question # 13

Which principle is followed by central bank to issue currency notes

Question # 14

Credit money in the country is controlled by

Question # 15

Can open new branch without the consent of Centrla Branch.

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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 If the quatity of money in circulation increases then this situation is called:
A. Inflation
B. Deflation
C. Money market
D. All of the above
2 Under which Section Scheduled Bank can open new branch.
A. Section 38
B. Section 39
C. Section 40
D. Section 41
3 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
4 Scheduled Banks are registred under state bank act.
A. 1956
B. 1984
C. 1962
D. 1932
5 Participation term certificate are issued by.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society
6 It is necessary for scheduled bank to.
A. Obey SBP
B. Submit report to SBP
C. Get the Book checked
D. All the above
7 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
8 In case of inflation in the country, the rate of margin is:
A. Increased
B. Reduced
C. Waived
D. All of the above
9 Which method or methods are prevailing in Pakistan for issuing notes
A. Fixed Fiduciary System
B. Proportional Reserve System
C. Both a and b
D. None of the these
10 Qualitative methods of monetary policy do not include:
A. Direct actions
B. Publicity
C. Bank rate policy
D. Moral pursuation

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