Question # 1

What is the purpose of monetary policy

Choose an answer

To control banking system

To control supply of money

To control foreign exchange

To control stock market

Scheduled bank is bound to keep with the Country.

Choose an answer

80% of Total Assets

60% of Total Assets

40% Total Assets

20% Total Assets

Pakistan's central bank was established in:

Choose an answer

1947

1948

1949

1950

What is the objective of clearing house

Choose an answer

To control credit money

To clear the transactions of different banks

Training of banking staff

Re-discounting of bills

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

Choose an answer

1932

1925

1984

1911

What is meant by margin requirement

Choose an answer

To advance loan less than the value of security

To give less amount as interest than the amount of loan

To advance more loan than the value of security

To advance loan equal to the value of security

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

Choose an answer

Sec. 14

Sec . 13

Sec. 16

Sec. 17

Central bank provides the following facility to scheduled banks:

Choose an answer

Feast

Godown

Clearing house

None of the above

Which bank is called the mother or central banks

Choose an answer

Reserve bank of India

Bank of England

State Bank of Pakistan

Bank of Venice

The transmission of following is stopped due to clearing house:

Choose an answer

Credit money

Metallic money

Cash money

All of the above

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

Choose an answer

1635

1732

1835

1935

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

Choose an answer

Inflation

Deflation

Money market

All of the above

Which principle is followed by central bank to issue currency notes

Choose an answer

Currency principle

Banking principle

Both principle

None of the above

Central bank is owned by

Choose an answer

Public

Government

Commercial baks

All of the above

Centrak Bank Act as Lender of Last Resort to.

Choose an answer

Scheduled Bank

Foreign Bank

Non-Sheduled bank

All the above

Credit money in the country is controlled by

Choose an answer

Central bank

Commercial bank

Industrial bank

Agricultural bank

Example of Non scheduled is

Choose an answer

ABL

AL-Meezan Investment Bank

HBL

NBP

In the Presence of Clearing House Scheduled Banks keeps.

Choose an answer

Less Cash Reserve

More Cash Reserve

No cash reserve

Fixed cash reserved

The central bank works under the rules framed by:

Choose an answer

Government

People

Different banks

All of the above

Non -Scheduled banks are formed under.

Choose an answer

Sole trader ship

Firm

Joint Stock Co.

Co-operative society Act

Qualitative methods of monetary policy do not include:

Choose an answer

Direct actions

Publicity

Bank rate policy

Moral pursuation

Central Bank provide the facility to Scheduled Banks.

Choose an answer

Rediscounting Bills

Clearing House

Transfer of Money

All the above

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

Choose an answer

Rs. 05 million

Rs. 06 million

Rs. 10 Billion

Rs. 07 billion

More Classes

Other Links

Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer