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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ICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test

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

00:00
Question # 1

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

Question # 2

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

Question # 3

Credit money in the country is controlled by

Question # 4

Scheduled Banks are registred under state bank act.

Question # 5

It is necessary for scheduled bank to.

Question # 6

Example of Non scheduled is

Question # 7

Non -Scheduled banks are formed under.

Question # 8

Non -Scheduled bank menas a bank which is not registred with.

Question # 9

Under which Section Scheduled Bank can open new branch.

Question # 10

Central Bank provide the facility to Scheduled Banks.

Question # 11

Important functions of a central bank:

Question # 12

Non- Scheduled banks are formed under co-opeative society Act.

Question # 13

Which bank is called the mother or central banks

Question # 14

Central bank is owned by

Question # 15

What is meant by margin requirement

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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 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
2 Scheduled Bank Can be registered under SBP Act.
A. 1956 Sec. 38 (1)
B. 1957 Sec. 37 (1)
C. 1956 Sec. 137 (1)
D. 1956 Sec. 43(1)
3 Non -Scheduled banks are formed under.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society Act
4 Which function does a central bank not perform
A. Credit creation
B. Advancing loans
C. Lender of last resort
D. Banker of the public
5 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
6 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
7 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
8 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%
9 Centrak Bank Act as Lender of Last Resort to.
A. Scheduled Bank
B. Foreign Bank
C. Non-Sheduled bank
D. All the above
10 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

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