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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ICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test

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

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

Question # 3

The document acquire to convert non -scheduled into scheduled bank

Question # 4

Scheduled Banks can keep his totl assets outsinde the country.

Question # 5

What is the purpose of monetary policy

Question # 6

Scheduled bank is bound to keep with the Country.

Question # 7

Central bank is owned by

Question # 8

What are the objectives of monetary policy

Question # 9

The central bank works under the rules framed by:

Question # 10

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

Question # 11

Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue

Question # 12

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

Question # 13

In the Presence of Clearing House Scheduled Banks keeps.

Question # 14

Documents required to conert non scheduled bank into scheduled bank.

Question # 15

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

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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 Which term is used in connection with monetary policy
A. Bank rate
B. Exchange rate
C. Wage rate
D. Market rate
2 Participation term certificates are issued in place of.
A. Shares
B. Debentures
C. NIT Units
D. All these
3 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
4 In case of inflation in the country, the rate of margin is:
A. Increased
B. Reduced
C. Waived
D. All of the above
5 It is necessary for scheduled bank to.
A. Obey SBP
B. Submit report to SBP
C. Get the Book checked
D. All the above
6 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
7 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
8 The document acquire to convert non -scheduled into scheduled bank
A. Prospectus
B. Debentures
C. By laws copy
D. Audited Annual Report
9 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
10 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

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