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

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

Question # 2

In the Presence of Clearing House Scheduled Banks keeps.

Question # 3

Non -Scheduled banks are formed under.

Question # 4

What is the objective of clearing house

Question # 5

It is necessary for scheduled bank to.

Question # 6

Which is the quantitative method of credit control

Question # 7

Can open new branch without the consent of Centrla Branch.

Question # 8

Which bank is called the mother or central banks

Question # 9

Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.

Question # 10

Centrak Bank Act as Lender of Last Resort to.

Question # 11

Modern central banking system started in

Question # 12

Central bank is owned by

Question # 13

The external value of local currency is stablized through:

Question # 14

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 # 15

Example of Non scheduled is

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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 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
2 The central bank works under the rules framed by:
A. Government
B. People
C. Different banks
D. All of the above
3 Scheduled Bank Can be registered under SBP Act.
A. 1956 Sec. 38 (1)
B. 1957 Sec. 37 (1)
C. 1956 Sec. 137 (1)
D. 1956 Sec. 43(1)
4 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
5 The transmission of following is stopped due to clearing house:
A. Credit money
B. Metallic money
C. Cash money
D. All of the above
6 What are the objectives of monetary policy
A. Stability in price
B. Exchange stability
C. Stability in capital market
D. All of the above
7 Qualitative methods of monetary policy do not include:
A. Direct actions
B. Publicity
C. Bank rate policy
D. Moral pursuation
8 Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.
A. Section 38
B. Section 33
C. Section 37
D. Section 40
9 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
10 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

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