14th Chapter

12th Principles of Banking Chapter 14 Test

Here you can prepare 12th Class Principles of Banking Chapter 14 Banking system in Pakistan Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 14 online mcq test with answers for ICom part 2 Principle of Banking Chapter 14 (Banking system in Pakistan)

This online test contains MCQs about following topics:

. Banking system of Pakistan and its elements . Nationalization of banks . Privatization of banks . Pakistan's important . Financial institutions

ICOM Part 2 Banking Ch 14 Test
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12th class Principle of Banking chapter 14 online mcq test with answers for ICom part 2 Principle of Banking Chapter 14 (Banking system in Pakistan)

Sr. # Questions Answers Choice
1 The demand for foreign exchange comes when.
  • A. Purchases of foreign securites
  • B. Students go abroad
  • C. Goods are imported
  • D. All of these
2 For how many years the governor of State Bank of Pakistan is appointed:
  • A. 3 years
  • B. 7 years
  • C. 10 years
  • D. None of the above
3 The rate which keeps the balance of payment in equilibrium.
  • A. Equilibrium rate
  • B. Foreign exchange rate
  • C. Currency Rate
  • D. Dollar rate
4 State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange
  • A. Statement
  • B. License
  • C. Certificate
  • D. All the above
5 When the State Bank of Pakistan came into existence
  • A. 1947
  • B. 1948
  • C. 1949
  • D. 1970
6 Which of the following institution was working before the establishment of ADBP
  • A. Agricultural development finance corporation
  • B. Agricultural development bank
  • C. Both a and b
  • D. None of the above
7 Where is the head office of IDBP:
  • A. Lahore
  • B. Faisalabad
  • C. Islamabad
  • D. Karachi
8 The instruments which are used in foreign receipts and payments called.
  • A. Letter of credit
  • B. Foreign debts
  • C. Foreign exchange
  • D. None of these
9 Which of the following industry is financed by PICIC
  • A. Depends upon local raw material
  • B. Manufactures export goods
  • C. Establishes under national development program
  • D. All the above
10 Which one of the following is not the preference of state bank of Pakistan
  • A. Expansion in banking system
  • B. Control over the supply of money
  • C. Equal distribution of credit
  • D. To earn maximum profit

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