| 1 |
The institution responsible for the contraction and expansion of money in the best interest of general public is called: |
- A. Commercial bank
- B. Clearing house
- C. Central bank
- D. Chamber of commerce
|
| 2 |
The transmission of following is stopped due to clearing house: |
- A. Credit money
- B. Metallic money
- C. Cash money
- D. All of the above
|
| 3 |
Which term is used in connection with monetary policy |
- A. Bank rate
- B. Exchange rate
- C. Wage rate
- D. Market rate
|
| 4 |
Can open new branch without the consent of Centrla Branch. |
- A. Scheduled Bank
- B. State Bank of Pakistan
- C. Non -Scheduled Bank
- D. Bank of England
|
| 5 |
Central bank provides the following facility to scheduled banks: |
- A. Feast
- B. Godown
- C. Clearing house
- D. None of the above
|
| 6 |
Which principle is followed by central bank to issue currency notes |
- A. Currency principle
- B. Banking principle
- C. Both principle
- D. None of the above
|
| 7 |
State Bank of Pakistan Act is |
- A. 1932
- B. 1962
- C. 1984
- D. 1997
|
| 8 |
What is the purpose of monetary policy |
- A. To control banking system
- B. To control supply of money
- C. To control foreign exchange
- D. To control stock market
|
| 9 |
Which method or methods are prevailing in Pakistan for issuing notes |
- A. Fixed Fiduciary System
- B. Proportional Reserve System
- C. Both a and b
- D. None of the these
|
| 10 |
Documents required to conert non scheduled bank into scheduled bank. |
- A. Memorandum of Association
- B. Articles of Association
- C. Audited Annual Report
- D. All the above
|
