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

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

Question # 2

What is meant by margin requirement

Question # 3

Scheduled bank is bound to keep with the Country.

Question # 4

Scheduled Banks are registred under state bank act.

Question # 5

Non -Scheduled banks are formed under.

Question # 6

Under which Section Scheduled Bank can open new branch.

Question # 7

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

Question # 8

Central bank provides the following facility to scheduled banks:

Question # 9

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

Question # 10

Central bank bank supervises one of the following systems of a country:

Question # 11

If the quatity of money in circulation increases then this situation is called:

Question # 12

Ribs Bank of Sweden became central bank in:

Question # 13

In the Presence of Clearing House Scheduled Banks keeps.

Question # 14

Important functions of a central bank:

Question # 15

Can open new branch without the consent of Centrla Branch.

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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 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
2 Central bank provides the following facility to scheduled banks:
A. Feast
B. Godown
C. Clearing house
D. None of the above
3 Non- Scheduled banks are formed under co-opeative society Act.
A. 1932
B. 1925
C. 1984
D. 1911
4 Important functions of a central bank:
A. To issue currency notes
B. To provide banking facilities to government
C. To advise commercial banks
D. All of the above
5 Which principle is followed by central bank to issue currency notes
A. Currency principle
B. Banking principle
C. Both principle
D. None of the above
6 State Bank of Pakistan Act is
A. 1932
B. 1962
C. 1984
D. 1997
7 Central bank is owned by
A. Public
B. Government
C. Commercial baks
D. All of the above
8 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
9 Non -Scheduled banks are formed under.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society Act
10 Central Bank provide the facility to Scheduled Banks.
A. Rediscounting Bills
B. Clearing House
C. Transfer of Money
D. All the above

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