Question # 1

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

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Rs. 05 million

Rs. 06 million

Rs. 10 Billion

Rs. 07 billion

Documents required to conert non scheduled bank into scheduled bank.

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Memorandum of Association

Articles of Association

Audited Annual Report

All the above

In the Presence of Clearing House Scheduled Banks keeps.

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Less Cash Reserve

More Cash Reserve

No cash reserve

Fixed cash reserved

Pakistan's central bank was established in:

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1947

1948

1949

1950

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

Ribs Bank of Sweden became central bank in:

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1568

1668

1768

None of the above

Non -Scheduled banks are formed under.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society Act

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

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Inflation

Deflation

Money market

All of the above

Credit money in the country is controlled by

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Central bank

Commercial bank

Industrial bank

Agricultural bank

Scheduled Bank Can be registered under SBP Act.

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1956 Sec. 38 (1)

1957 Sec. 37 (1)

1956 Sec. 137 (1)

1956 Sec. 43(1)

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

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

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1932

1925

1984

1911

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

Central bank provides the following facility to scheduled banks:

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Feast

Godown

Clearing house

None of the above

Important functions of a central bank:

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To issue currency notes

To provide banking facilities to government

To advise commercial banks

All of the above

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

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Increased

Reduced

Waived

All of the above

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