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

00:00
Question # 1

What is the objective of clearing house

Question # 2

Modern central banking system started in

Question # 3

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

Question # 4

Qualitative methods of monetary policy do not include:

Question # 5

The transmission of following is stopped due to clearing house:

Question # 6

Which function does a central bank not perform

Question # 7

Credit money in the country is controlled by

Question # 8

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

Question # 9

The document acquire to convert non -scheduled into scheduled bank

Question # 10

Ribs Bank of Sweden became central bank in:

Question # 11

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

Question # 12

Under which Section Scheduled Bank can open new branch.

Question # 13

Central bank is owned by

Question # 14

What is the purpose of monetary policy

Question # 15

Scheduled Banks are registred under state bank act.

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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 Which term is used in connection with monetary policy
A. Bank rate
B. Exchange rate
C. Wage rate
D. Market rate
2 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
3 Example of Non scheduled is
A. ABL
B. AL-Meezan Investment Bank
C. HBL
D. NBP
4 The central bank works under the rules framed by:
A. Government
B. People
C. Different banks
D. All of the above
5 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
6 In case of inflation in the country, the rate of margin is:
A. Increased
B. Reduced
C. Waived
D. All of the above
7 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
8 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%
9 Which bank is called the mother or central banks
A. Reserve bank of India
B. Bank of England
C. State Bank of Pakistan
D. Bank of Venice
10 State Bank of Pakistan Act is
A. 1932
B. 1962
C. 1984
D. 1997

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