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

State Bank of Pakistan Act is

Question # 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

Question # 4

What is the objective of clearing house

Question # 5

The external value of local currency is stablized through:

Question # 6

If the quatity of money in circulation increases then this situation is called:

Question # 7

Scheduled Bank Can be registered under SBP Act.

Question # 8

When was the first central bank of sub-continent established:

Question # 9

Scheduled Banks can keep his totl assets outsinde the country.

Question # 10

Which principle is followed by central bank to issue currency notes

Question # 11

Centrak Bank Act as Lender of Last Resort to.

Question # 12

Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.

Question # 13

Example of Non scheduled is

Question # 14

Central bank is owned by

Question # 15

The central bank works under the rules framed by:

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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 The institution responsible for the contraction and expansion of money in the best interest of general public is called:
A. Commercial bank
B. Clearing house
C. Central bank
D. Chamber of commerce
2 State Bank of Pakistan Act is
A. 1932
B. 1962
C. 1984
D. 1997
3 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
4 The external value of local currency is stablized through:
A. Monetary policy
B. Increase in prices
C. Trade policy
D. All of the above
5 Central bank is owned by
A. Public
B. Government
C. Commercial baks
D. All of the above
6 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
7 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
8 Participation term certificate are issued by.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society
9 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
10 It is necessary for scheduled bank to.
A. Obey SBP
B. Submit report to SBP
C. Get the Book checked
D. All the above

Test Questions

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