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

Modern central banking system started in

Question # 2

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

Question # 3

Participation term certificates are issued in place of.

Question # 4

It is necessary for scheduled bank to.

Question # 5

Centrak Bank Act as Lender of Last Resort to.

Question # 6

Which is the quantitative method of credit control

Question # 7

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

Question # 8

What is the purpose of monetary policy

Question # 9

Which form of automated payment would be better in paying wages to employee

Question # 10

What is meant by margin requirement

Question # 11

Participation term certificate are issued by.

Question # 12

Credit money in the country is controlled by

Question # 13

The Bank are called Scheduled Bank which are registered with the.

Question # 14

State Bank of Pakistan Act is

Question # 15

Which function does a central bank not perform

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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 principle is followed by central bank to issue currency notes
A. Currency principle
B. Banking principle
C. Both principle
D. None of the above
2 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
3 Ribs Bank of Sweden became central bank in:
A. 1568
B. 1668
C. 1768
D. None of the above
4 Central Bank provide the facility to Scheduled Banks.
A. Rediscounting Bills
B. Clearing House
C. Transfer of Money
D. All the above
5 Non -Scheduled banks are formed under.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society Act
6 Can open new branch without the consent of Centrla Branch.
A. Scheduled Bank
B. State Bank of Pakistan
C. Non -Scheduled Bank
D. Bank of England
7 Scheduled Banks can keep his totl assets outsinde the country.
A. 80%
B. 60%
C. 40%
D. 20%
8 The central bank works under the rules framed by:
A. Government
B. People
C. Different banks
D. All of the above
9 Example of Non scheduled is
A. ABL
B. AL-Meezan Investment Bank
C. HBL
D. NBP
10 Central bank is owned by
A. Public
B. Government
C. Commercial baks
D. All of the above

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