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

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

Question # 2

Credit money in the country is controlled by

Question # 3

Centrak Bank Act as Lender of Last Resort to.

Question # 4

The institution responsible for the contraction and expansion of money in the best interest of general public is called:

Question # 5

It is necessary for scheduled bank to.

Question # 6

Under which Section Scheduled Bank can open new branch.

Question # 7

Which method or methods are prevailing in Pakistan for issuing notes

Question # 8

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

Question # 9

Non -Scheduled bank menas a bank which is not registred with.

Question # 10

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

Question # 11

Scheduled Bank Can be registered under SBP Act.

Question # 12

The transmission of following is stopped due to clearing house:

Question # 13

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 # 14

Central Bank provide the facility to Scheduled Banks.

Question # 15

Pakistan's central bank was established in:

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
2 Example of Non scheduled is
A. ABL
B. AL-Meezan Investment Bank
C. HBL
D. NBP
3 In the Presence of Clearing House Scheduled Banks keeps.
A. Less Cash Reserve
B. More Cash Reserve
C. No cash reserve
D. Fixed cash reserved
4 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
5 What is the objective of clearing house
A. To control credit money
B. To clear the transactions of different banks
C. Training of banking staff
D. Re-discounting of bills
6 Under which Section Scheduled Bank can open new branch.
A. Section 38
B. Section 39
C. Section 40
D. Section 41
7 What are the objectives of monetary policy
A. Stability in price
B. Exchange stability
C. Stability in capital market
D. All of the above
8 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
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 When was the first central bank of sub-continent established:
A. 1635
B. 1732
C. 1835
D. 1935

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