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

Modern central banking system started in

Question # 2

Which function does a central bank not perform

Question # 3

Under which Section Scheduled Bank can open new branch.

Question # 4

The transmission of following is stopped due to clearing house:

Question # 5

When was the first central bank of sub-continent established:

Question # 6

Pakistan's central bank was established in:

Question # 7

Credit money in the country is controlled by

Question # 8

Documents required to conert non scheduled bank into scheduled bank.

Question # 9

Which is the quantitative method of credit control

Question # 10

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

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

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

Question # 13

Ribs Bank of Sweden became central bank in:

Question # 14

In case of inflation in the country, the rate of margin is:

Question # 15

What are the objectives of monetary policy

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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 is the quantitative method of credit control
A. Change in reserve ratio
B. Change in margin requirement
C. Selective control
D. Publicity
2 Which term is used in connection with monetary policy
A. Bank rate
B. Exchange rate
C. Wage rate
D. Market rate
3 Scheduled Banks can keep his totl assets outsinde the country.
A. 80%
B. 60%
C. 40%
D. 20%
4 Pakistan's central bank was established in:
A. 1947
B. 1948
C. 1949
D. 1950
5 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
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 Which form of automated payment would be better in paying wages to employee
A. BACS
B. Standing order
C. Direct Debit
D. Credit transfer
8 Participation term certificate are issued by.
A. Sole trader ship
B. Firm
C. Joint Stock Co.
D. Co-operative society
9 What is the objective of clearing house
A. To control credit money
B. To clear the transactions of different banks
C. Training of banking staff
D. Re-discounting of bills
10 The central bank works under the rules framed by:
A. Government
B. People
C. Different banks
D. All of the above

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