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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  • Total Questions15

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Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test

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Question # 1

Scheduled Banks are registred under state bank act.

Question # 2

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

Question # 3

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

Question # 4

Can open new branch without the consent of Centrla Branch.

Question # 5

It is necessary for scheduled bank to.

Question # 6

Scheduled Bank Can be registered under SBP Act.

Question # 7

Central bank provides the following facility to scheduled banks:

Question # 8

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

Question # 9

Which function does a central bank not perform

Question # 10

The central bank works under the rules framed by:

Question # 11

Pakistan's central bank was established in:

Question # 12

What is the purpose of monetary policy

Question # 13

Which principle is followed by central bank to issue currency notes

Question # 14

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

Question # 15

Which method or methods are prevailing in Pakistan for issuing notes

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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 bank supervises one of the following systems of a country:
A. Provincial
B. Political
C. Economical and financial
D. None of the above
2 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
3 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
4 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
5 The document acquire to convert non -scheduled into scheduled bank
A. Prospectus
B. Debentures
C. By laws copy
D. Audited Annual Report
6 Documents required to conert non scheduled bank into scheduled bank.
A. Memorandum of Association
B. Articles of Association
C. Audited Annual Report
D. All the above
7 Non -Scheduled banks are formed under.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society Act
8 Non -Scheduled bank menas a bank which is not registred with.
A. Stock Exchange
B. World Bank
C. Central Bank
D. Scheduled bank
9 Which is the quantitative method of credit control
A. Change in reserve ratio
B. Change in margin requirement
C. Selective control
D. Publicity
10 Modern central banking system started in
A. 18th Century
B. 19th Century
C. 20th Century
D. None of these

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