12th class Principle of Banking chapter 4 online mcq test with answers for ICom part 2 Principle of Banking Chapter 4 (Central Bank)

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Sr.#	Question	Answer
1	What is the objective of clearing house	A. To control credit money B. To clear the transactions of different banks C. Training of banking staff D. Re-discounting of bills
2	If credit money is controlled by the sale and purchase of government securities, it is called	A. Direct action B. Moral persuation C. Change in reserve ration D. Open market operation
3	Credit money in the country is controlled by	A. Central bank B. Commercial bank C. Industrial bank D. Agricultural bank
4	Participation term certificates are issued in place of.	A. Shares B. Debentures C. NIT Units D. All these
5	Important functions of a central bank:	A. To issue currency notes B. To provide banking facilities to government C. To advise commercial banks D. All of the above
6	Under which Section Scheduled Bank can open new branch.	A. Section 38 B. Section 39 C. Section 40 D. Section 41
7	Ribs Bank of Sweden became central bank in:	A. 1568 B. 1668 C. 1768 D. None of the above
8	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
9	Modern central banking system started in	A. 18th Century B. 19th Century C. 20th Century D. None of these
10	The transmission of following is stopped due to clearing house:	A. Credit money B. Metallic money C. Cash money D. All of the above