ICOM Part 2 English Medium Principles of Banking Chapter 4 MCQ's Test

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

Start Chapter 4 Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 4 (Central Bank)

Sr. # Questions Answers Choice
1 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
2 Credit money in the country is controlled by
  • A. Central bank
  • B. Commercial bank
  • C. Industrial bank
  • D. Agricultural bank
3 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
4 Participation term certificate are issued by.
  • A. Sole trader ship
  • B. Firm
  • C. Joint Stock Co.
  • D. Co-operative society
5 Which bank is called the mother or central banks
  • A. Reserve bank of India
  • B. Bank of England
  • C. State Bank of Pakistan
  • D. Bank of Venice
6 Qualitative methods of monetary policy do not include:
  • A. Direct actions
  • B. Publicity
  • C. Bank rate policy
  • D. Moral pursuation
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 State Bank of Pakistan Act is
  • A. 1932
  • B. 1962
  • C. 1984
  • D. 1997
9 The central bank works under the rules framed by:
  • A. Government
  • B. People
  • C. Different banks
  • D. All of the above
10 Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.
  • A. Sec. 14
  • B. Sec . 13
  • C. Sec. 16
  • D. Sec. 17

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