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

Which bank is called the mother or central banks

Question # 2

Which method or methods are prevailing in Pakistan for issuing notes

Question # 3

Which principle is followed by central bank to issue currency notes

Question # 4

What is the purpose of monetary policy

Question # 5

The document acquire to convert non -scheduled into scheduled bank

Question # 6

It is necessary for scheduled bank to.

Question # 7

Ribs Bank of Sweden became central bank in:

Question # 8

The central bank works under the rules framed by:

Question # 9

Documents required to conert non scheduled bank into scheduled bank.

Question # 10

Scheduled Banks can keep his totl assets outsinde the country.

Question # 11

Participation term certificate are issued by.

Question # 12

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

Question # 13

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

Question # 14

Central bank is owned by

Question # 15

What is the objective of clearing house

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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 Ribs Bank of Sweden became central bank in:
A. 1568
B. 1668
C. 1768
D. None of the above
2 Participation term certificate are issued by.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society
3 Non -Scheduled bank menas a bank which is not registred with.
A. Stock Exchange
B. World Bank
C. Central Bank
D. Scheduled bank
4 Central Bank provide the facility to Scheduled Banks.
A. Rediscounting Bills
B. Clearing House
C. Transfer of Money
D. All the above
5 Non -Scheduled banks are formed under.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society Act
6 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
7 What is the purpose of monetary policy
A. To control banking system
B. To control supply of money
C. To control foreign exchange
D. To control stock market
8 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
9 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
10 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

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