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ICOM Part 2 English Medium Principles of Banking Chapter 4 MCQ's Test
Start Chapter 4 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test
00:00
Question # 1
Which function does a central bank not perform
Question # 2
Which principle is followed by central bank to issue currency notes
Question # 3
Non -Scheduled bank menas a bank which is not registred with.
Question # 4
What is the objective of clearing house
Question # 5
Participation term certificate are issued by.
Question # 6
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 # 7
Modern central banking system started in
Question # 8
The central bank works under the rules framed by:
Question # 9
When was the first central bank of sub-continent established:
Question # 10
Central bank is owned by
Question # 11
Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.
Question # 12
Scheduled bank is bound to keep with the Country.
Question # 13
Centrak Bank Act as Lender of Last Resort to.
Question # 14
Can open new branch without the consent of Centrla Branch.
Question # 15
Which form of automated payment would be better in paying wages to employee
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 | Non- Scheduled banks are formed under co-opeative society Act. |
A. 1932
B. 1925
C. 1984
D. 1911
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| 2 | Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is. |
A. Sec. 14
B. Sec . 13
C. Sec. 16
D. Sec. 17
|
| 3 | 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 |
A. 5%
B. 10%
C. 30%
D. 100%
|
| 4 | Credit money in the country is controlled by |
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
|
| 5 | Pakistan's central bank was established in: |
A. 1947
B. 1948
C. 1949
D. 1950
|
| 6 | State Bank of Pakistan Act is |
A. 1932
B. 1962
C. 1984
D. 1997
|
| 7 | 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
|
| 8 | Centrak Bank Act as Lender of Last Resort to. |
A. Scheduled Bank
B. Foreign Bank
C. Non-Sheduled bank
D. All the above
|
| 9 | 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
|
| 10 | Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be. |
A. Rs. 05 million
B. Rs. 06 million
C. Rs. 10 Billion
D. Rs. 07 billion
|
Test Questions