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

The central bank works under the rules framed by:

Question # 2

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 # 3

What is meant by margin requirement

Question # 4

What is the purpose of monetary policy

Question # 5

Central bank is owned by

Question # 6

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

Question # 7

Scheduled Bank Can be registered under SBP Act.

Question # 8

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

Question # 9

Which principle is followed by central bank to issue currency notes

Question # 10

Can open new branch without the consent of Centrla Branch.

Question # 11

Scheduled Banks can keep his totl assets outsinde the country.

Question # 12

Which is the quantitative method of credit control

Question # 13

The transmission of following is stopped due to clearing house:

Question # 14

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

Question # 15

Qualitative methods of monetary policy do not include:

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ICOM Part 2 English Medium Principles of Banking Chapter 4 MCQ's Test

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Sr.# Question Answer
1 Ribs Bank of Sweden became central bank in:
A. 1568
B. 1668
C. 1768
D. None of the above
2 Central bank is owned by
A. Public
B. Government
C. Commercial baks
D. All of the above
3 When was the first central bank of sub-continent established:
A. 1635
B. 1732
C. 1835
D. 1935
4 Non -Scheduled bank menas a bank which is not registred with.
A. Stock Exchange
B. World Bank
C. Central Bank
D. Scheduled bank
5 State Bank of Pakistan Act is
A. 1932
B. 1962
C. 1984
D. 1997
6 Modern central banking system started in
A. 18th Century
B. 19th Century
C. 20th Century
D. None of these
7 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
8 Which method or methods are prevailing in Pakistan for issuing notes
A. Fixed Fiduciary System
B. Proportional Reserve System
C. Both a and b
D. None of the these
9 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
10 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

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