Question # 1

The central bank works under the rules framed by:

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Government

People

Different banks

All of the above

The document acquire to convert non -scheduled into scheduled bank

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Prospectus

Debentures

By laws copy

Audited Annual Report

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

Non -Scheduled banks are formed under.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society Act

Can open new branch without the consent of Centrla Branch.

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Scheduled Bank

State Bank of Pakistan

Non -Scheduled Bank

Bank of England

What is the objective of clearing house

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To control credit money

To clear the transactions of different banks

Training of banking staff

Re-discounting of bills

Pakistan's central bank was established in:

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1947

1948

1949

1950

Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.

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Sec. 14

Sec . 13

Sec. 16

Sec. 17

Central bank is owned by

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Public

Government

Commercial baks

All of the above

Which is the quantitative method of credit control

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Change in reserve ratio

Change in margin requirement

Selective control

Publicity

State Bank of Pakistan Act is

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1932

1962

1984

1997

Which principle is followed by central bank to issue currency notes

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Currency principle

Banking principle

Both principle

None of the above

Centrak Bank Act as Lender of Last Resort to.

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Scheduled Bank

Foreign Bank

Non-Sheduled bank

All the above

The external value of local currency is stablized through:

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Monetary policy

Increase in prices

Trade policy

All of the above

Central bank provides the following facility to scheduled banks:

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Feast

Godown

Clearing house

None of the above

Which function does a central bank not perform

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Credit creation

Advancing loans

Lender of last resort

Banker of the public

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