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

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

Question # 2

Which function does a central bank not perform

Question # 3

The transmission of following is stopped due to clearing house:

Question # 4

Important functions of a central bank:

Question # 5

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

Question # 6

Can open new branch without the consent of Centrla Branch.

Question # 7

Which term is used in connection with monetary policy

Question # 8

What is the objective of clearing house

Question # 9

Non -Scheduled banks are formed under.

Question # 10

Participation term certificates are issued in place of.

Question # 11

In case of inflation in the country, the rate of margin is:

Question # 12

The central bank works under the rules framed by:

Question # 13

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

Question # 14

Which method or methods are prevailing in Pakistan for issuing notes

Question # 15

Scheduled Bank Can be registered under SBP Act.

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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 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
2 Centrak Bank Act as Lender of Last Resort to.
A. Scheduled Bank
B. Foreign Bank
C. Non-Sheduled bank
D. All 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 Under which Section Scheduled Bank can open new branch.
A. Section 38
B. Section 39
C. Section 40
D. Section 41
5 Modern central banking system started in
A. 18th Century
B. 19th Century
C. 20th Century
D. None of these
6 The external value of local currency is stablized through:
A. Monetary policy
B. Increase in prices
C. Trade policy
D. All of the above
7 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
8 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
9 Which function does a central bank not perform
A. Credit creation
B. Advancing loans
C. Lender of last resort
D. Banker of the public
10 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

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