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

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

Question # 2

It is necessary for scheduled bank to.

Question # 3

Under which Section Scheduled Bank can open new branch.

Question # 4

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

Question # 5

Which principle is followed by central bank to issue currency notes

Question # 6

Modern central banking system started in

Question # 7

State Bank of Pakistan Act is

Question # 8

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

Question # 9

Central bank is owned by

Question # 10

Which is the quantitative method of credit control

Question # 11

Documents required to conert non scheduled bank into scheduled bank.

Question # 12

Credit money in the country is controlled by

Question # 13

The transmission of following is stopped due to clearing house:

Question # 14

Central bank provides the following facility to scheduled banks:

Question # 15

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

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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 Scheduled bank is bound to keep with the Country.
A. 80% of Total Assets
B. 60% of Total Assets
C. 40% Total Assets
D. 20% Total Assets
2 Under which Section Scheduled Bank can open new branch.
A. Section 38
B. Section 39
C. Section 40
D. Section 41
3 Which function does a central bank not perform
A. Credit creation
B. Advancing loans
C. Lender of last resort
D. Banker of the public
4 Participation term certificate are issued by.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society
5 Ribs Bank of Sweden became central bank in:
A. 1568
B. 1668
C. 1768
D. None of the above
6 Centrak Bank Act as Lender of Last Resort to.
A. Scheduled Bank
B. Foreign Bank
C. Non-Sheduled bank
D. All the above
7 Scheduled Banks can keep his totl assets outsinde the country.
A. 80%
B. 60%
C. 40%
D. 20%
8 Which is the quantitative method of credit control
A. Change in reserve ratio
B. Change in margin requirement
C. Selective control
D. Publicity
9 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
10 Credit money in the country is controlled by
A. Central bank
B. Commercial bank
C. Industrial bank
D. Agricultural bank

Test Questions

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