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 When the demand of any county's currency increses than the rate of exchange becomes.
  • A. Unfavorable
  • B. Favorable
  • C. Equilibrium
  • D. None of these
2 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
3 The statement of Pakistan was inaugurated by:
  • A. Liaqat-Ali-Khan
  • B. Abdul-Rub-Nishar
  • C. Quaid-e-Azam
  • D. Nawaz-Sharif
4 Purchasing power theory of foreign exchange was given by.
  • A. Hartly
  • B. Gustav Cassel
  • C. D .Cock
  • D. None of these
5 What is the number of members in the managements body of PICIC
  • A. 12
  • B. 21
  • C. 5
  • D. 7
6 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
7 The main objectives of foreign exchange control are.
  • A. Stablilize exchange rate
  • B. Increase Govt.Revenue
  • C. Protect domestic industires
  • D. All of these
8 When did the National Bank start its functions as the agent of SBP:
  • A. 1949
  • B. 1950
  • C. 1951
  • D. 1952
9 A mechanism by which international indebtedness is settle dbetween one country and another.
  • A. Indebtedness
  • B. Foreign Debts
  • C. Foreign exchange
  • D. All these
10 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

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