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

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

Question # 2

Modern central banking system started in

Question # 3

Which principle is followed by central bank to issue currency notes

Question # 4

It is necessary for scheduled bank to.

Question # 5

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

Question # 6

In the Presence of Clearing House Scheduled Banks keeps.

Question # 7

If the quatity of money in circulation increases then this situation is called:

Question # 8

Can open new branch without the consent of Centrla Branch.

Question # 9

Under which Section Scheduled Bank can open new branch.

Question # 10

The transmission of following is stopped due to clearing house:

Question # 11

The document acquire to convert non -scheduled into scheduled bank

Question # 12

Central bank is owned by

Question # 13

Which bank is called the mother or central banks

Question # 14

The Bank are called Scheduled Bank which are registered with the.

Question # 15

Scheduled Banks can keep his totl assets outsinde the country.

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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 The document acquire to convert non -scheduled into scheduled bank
A. Prospectus
B. Debentures
C. By laws copy
D. Audited Annual Report
2 In the Presence of Clearing House Scheduled Banks keeps.
A. Less Cash Reserve
B. More Cash Reserve
C. No cash reserve
D. Fixed cash reserved
3 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank
4 The institution responsible for the contraction and expansion of money in the best interest of general public is called:
A. Commercial bank
B. Clearing house
C. Central bank
D. Chamber of commerce
5 Central bank provides the following facility to scheduled banks:
A. Feast
B. Godown
C. Clearing house
D. None of the above
6 Central bank is owned by
A. Public
B. Government
C. Commercial baks
D. All of the above
7 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
8 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
9 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
10 Example of Non scheduled is
A. ABL
B. AL-Meezan Investment Bank
C. HBL
D. NBP

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