Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test With Answers

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Principles of Banking Icom Part 2 English Medium Chapter 3 Online Test

Sr. # Questions Answers Choice
1 A represntative handed over cheques to other banks are called. Outwaard clearing Direct cheaning Inward Clearing Indirect Clearing
2 Which 0f the following is the objective of central bank. Economic Development Helping govt. Welfare of Economy All the above
3 If Central Bank wants to decreae the quantity of money in country it Sells Securities Purchase Securities Create Credit All the above
4 The rate at which commercial banks and centrla bank buys and sells foreign currency. Bank Rate Inter Bank rate Intrest rate Discount rate
5 The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called. Commission Rent Intrest Carriage
6 State Bank of Pakistan can also be called as. Central Bank Reserve Bank Monetary Authority All the above
7 In the presence of cleairng house the use of cash transactions between banks Increases Decreases Stops NO effect
8 The Lady Phd.Governors of State Bank of Paksitan inclued. M. Yaqoob Ishrat Hussain Shamshad Akhtar All of these
9 At Present the Governor of State Bank of Pakistan is. Dr. Ishrat Hussain Saleem Raza Shahid Hafiz Kardar Shahid Mahmood Wathra
10 The departments of State Bank of Pakistan includes. Note issuing deptt Bankng deptt Foreign exchange deptt All the above
11 State Bank of Pakistan was established on. Tuesday Ist July 1948 Wednesday Is July 1948 Thursday Ist July 1948 Friday Ist July 1948
12 State Bank of Paksitan was established on 1st July 1949 Ist July 1948 Ist July 1694 Ist July 1964
13 After 31st Decemebr 1965 Pakistan use Min. Reserve system Fixed Fiduciary system Proportional Reserve None of these
14 Pakistan has used methods of note issue. Proportional reserve system Min. Reserve system Both a and b Fixed fiduciary system
15 The first Pakistan notes were issued in the denomination of Rs. 5. Rs.10, Rs.100 in 31th December 1965 23rd March 1940 Jan 1962 October 1948
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