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	The central bank works under the rules framed by:	A. Government B. People C. Different banks D. All of the above
2	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
3	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
4	State Bank of Pakistan Act is	A. 1932 B. 1962 C. 1984 D. 1997
5	Which method or methods are prevailing in Pakistan for issuing notes	A. Fixed Fiduciary System B. Proportional Reserve System C. Both a and b D. None of the these
6	Pakistan's central bank was established in:	A. 1947 B. 1948 C. 1949 D. 1950
7	Participation term certificate are issued by.	A. Sole trader ship B. Firm C. Joint Stock Co. D. Co-operative society
8	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
9	Central Bank provide the facility to Scheduled Banks.	A. Rediscounting Bills B. Clearing House C. Transfer of Money D. All the above
10	What is meant by margin requirement	A. To advance loan less than the value of security B. To give less amount as interest than the amount of loan C. To advance more loan than the value of security D. To advance loan equal to the value of security