Question # 1

Certain Percentage of Gold to issue currency notes.

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Fixed Fiduciary method

Proportionate Reserve

Min. Reserve system

None of these

The principle of note issue are.

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Currency Principles

Banking Principles

Both a and b

None of these

State Bank of Pakistan can also be called as.

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Central Bank

Reserve Bank

Monetary Authority

All the above

What is necessary to withdraw money through ATM

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I.D. card

Cheque

Pin code

None of these

Deposits create

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Inflation

Loan

Monopoly

All the above

In how many days would a schque between banks clear through the clearing system.

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7 days

3 days

10 days

5 days

Major function of Central Bank is.

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Open account

Provide lockers

Issue currency notes

All of the above

Part of cash of scheduled banks kept by centrla bank as per law is called.

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Specific reserves

Satutory reserves

Gneral Reserves

All the above

Which bank is called the mother of Central Banks.

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World Bank

Bank of Vence

Royal Bank of Scotland

Bank of England

E-Banking provides benefits to the following

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Accountholder

Banker

Economy

All the above

In case of inflation Bank rate.

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Constant

Decreases

Increases

None of these

How many advantages of e banking

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3

4

5

6

The first Pakitan Note es were issued in the denomination of.

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Rs. 5

Rs. 10

Rs.100

All of these

The Weapons of Monetary policy are.

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Two

Three

Four

Five

An increase in the reseve requirement causes.

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More credit Creation

Less Credit Creation

Stop credit creation

None of these

State Bank of Pakistan Act is.

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1956

1932

1962

1984

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

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