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

Ribs Bank of Sweden became central bank in:

Question # 2

Example of Non scheduled is

Question # 3

State Bank of Pakistan Act is

Question # 4

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

Question # 5

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

Question # 6

Pakistan's central bank was established in:

Question # 7

The central bank works under the rules framed by:

Question # 8

What is the purpose of monetary policy

Question # 9

Scheduled Bank Can be registered under SBP Act.

Question # 10

If credit money is controlled by the sale and purchase of government securities, it is called

Question # 11

What are the objectives of monetary policy

Question # 12

Central Bank provide the facility to Scheduled Banks.

Question # 13

Scheduled Banks are registred under state bank act.

Question # 14

Non- Scheduled banks are formed under co-opeative society Act.

Question # 15

Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.

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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 Central Bank provide the facility to Scheduled Banks.
A. Rediscounting Bills
B. Clearing House
C. Transfer of Money
D. All the above
2 Non- Scheduled banks are formed under co-opeative society Act.
A. 1932
B. 1925
C. 1984
D. 1911
3 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
4 What is meant by margin requirement
A. To advance loan less than the value of security
B. To give less amount as interest than the amount of loan
C. To advance more loan than the value of security
D. To advance loan equal to the value of security
5 Which term is used in connection with monetary policy
A. Bank rate
B. Exchange rate
C. Wage rate
D. Market rate
6 When was the first central bank of sub-continent established:
A. 1635
B. 1732
C. 1835
D. 1935
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 What are the objectives of monetary policy
A. Stability in price
B. Exchange stability
C. Stability in capital market
D. All of the above
9 Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.
A. Rs. 05 million
B. Rs. 06 million
C. Rs. 10 Billion
D. Rs. 07 billion
10 Which function does a central bank not perform
A. Credit creation
B. Advancing loans
C. Lender of last resort
D. Banker of the public

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