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	Participation term certificate are issued by.	A. Sole trader ship B. Firm C. Joint Stock Co. D. Co-operative society
2	The central bank works under the rules framed by:	A. Government B. People C. Different banks D. All of the above
3	Central bank provides the following facility to scheduled banks:	A. Feast B. Godown C. Clearing house D. None of the above
4	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
5	In case of inflation in the country, the rate of margin is:	A. Increased B. Reduced C. Waived D. All of the above
6	Central bank is owned by	A. Public B. Government C. Commercial baks D. All of the above
7	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%
8	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
9	Central Bank provide the facility to Scheduled Banks.	A. Rediscounting Bills B. Clearing House C. Transfer of Money D. All the above
10	When was the first central bank of sub-continent established:	A. 1635 B. 1732 C. 1835 D. 1935