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

Participation term certificate are issued by.

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

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

Question # 6

Central bank provides the following facility to scheduled banks:

Question # 7

Scheduled Banks are registred under state bank act.

Question # 8

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

Question # 9

Scheduled bank is bound to keep with the Country.

Question # 10

Which function does a central bank not perform

Question # 11

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

Question # 12

The central bank works under the rules framed by:

Question # 13

What is the objective of clearing house

Question # 14

The document acquire to convert non -scheduled into scheduled bank

Question # 15

What are the objectives of monetary policy

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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 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
2 Centrak Bank Act as Lender of Last Resort to.
A. Scheduled Bank
B. Foreign Bank
C. Non-Sheduled bank
D. All the above
3 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
4 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
5 When was the first central bank of sub-continent established:
A. 1635
B. 1732
C. 1835
D. 1935
6 Central bank is owned by
A. Public
B. Government
C. Commercial baks
D. All of the above
7 State Bank of Pakistan Act is
A. 1932
B. 1962
C. 1984
D. 1997
8 Scheduled Banks can keep his totl assets outsinde the country.
A. 80%
B. 60%
C. 40%
D. 20%
9 Can open new branch without the consent of Centrla Branch.
A. Scheduled Bank
B. State Bank of Pakistan
C. Non -Scheduled Bank
D. Bank of England
10 Which term is used in connection with monetary policy
A. Bank rate
B. Exchange rate
C. Wage rate
D. Market rate

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