12th class Principle of Banking chapter 4 online mcq test with answers for ICom part 2 Principle of Banking Chapter 4 (Central Bank)

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Sr.#	Question	Answer
1	Credit money in the country is controlled by	A. Central bank B. Commercial bank C. Industrial bank D. Agricultural bank
2	If credit money is controlled by the sale and purchase of government securities, it is called	A. Direct action B. Moral persuation C. Change in reserve ration D. Open market operation
3	Qualitative methods of monetary policy do not include:	A. Direct actions B. Publicity C. Bank rate policy D. Moral pursuation
4	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
5	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
6	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
7	The central bank works under the rules framed by:	A. Government B. People C. Different banks D. All of the above
8	State Bank of Pakistan Act is	A. 1932 B. 1962 C. 1984 D. 1997
9	When was the first central bank of sub-continent established:	A. 1635 B. 1732 C. 1835 D. 1935
10	Modern central banking system started in	A. 18th Century B. 19th Century C. 20th Century D. None of these