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

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

Question # 2

Which form of automated payment would be better in paying wages to employee

Question # 3

State Bank of Pakistan Act is

Question # 4

What is the purpose of monetary policy

Question # 5

Scheduled bank is bound to keep with the Country.

Question # 6

The central bank works under the rules framed by:

Question # 7

Which is the quantitative method of credit control

Question # 8

Central Bank provide the facility to Scheduled Banks.

Question # 9

Ribs Bank of Sweden became central bank in:

Question # 10

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

Question # 11

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

Question # 12

Participation term certificate are issued by.

Question # 13

The transmission of following is stopped due to clearing house:

Question # 14

Which principle is followed by central bank to issue currency notes

Question # 15

Modern central banking system started in

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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 When was the first central bank of sub-continent established:
A. 1635
B. 1732
C. 1835
D. 1935
2 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
3 Scheduled Banks are registred under state bank act.
A. 1956
B. 1984
C. 1962
D. 1932
4 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
5 Participation term certificates are issued in place of.
A. Shares
B. Debentures
C. NIT Units
D. All these
6 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
7 The central bank works under the rules framed by:
A. Government
B. People
C. Different banks
D. All of the above
8 It is necessary for scheduled bank to.
A. Obey SBP
B. Submit report to SBP
C. Get the Book checked
D. All the above
9 Scheduled Banks can keep his totl assets outsinde the country.
A. 80%
B. 60%
C. 40%
D. 20%
10 Non -Scheduled banks are formed under.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society Act

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