Question # 1

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

State Bank of Pakistan Act is

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1932

1962

1984

1997

Central bank is owned by

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Public

Government

Commercial baks

All of the above

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

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Provincial

Political

Economical and financial

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

Centrak Bank Act as Lender of Last Resort to.

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Scheduled Bank

Foreign Bank

Non-Sheduled bank

All 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

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

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BACS

Standing order

Direct Debit

Credit transfer

Pakistan's central bank was established in:

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1947

1948

1949

1950

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

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1635

1732

1835

1935

The external value of local currency is stablized through:

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Monetary policy

Increase in prices

Trade policy

All of the above

Which term is used in connection with monetary policy

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Bank rate

Exchange rate

Wage rate

Market rate

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

The central bank works under the rules framed by:

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Government

People

Different banks

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

Scheduled Banks are registred under state bank act.

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1956

1984

1962

1932

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

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

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Section 38

Section 33

Section 37

Section 40

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)

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

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

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

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

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