4th Chapter

12th Principles of Banking Chapter 4 Test

Here you can prepare 12th Class Principles of Banking Chapter 4 Central Bank Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 4 online mcq test with answers for ICom part 2 Principle of Banking Chapter 4 (Central Bank)

This online test contains MCQs about following topics:

. Introduction and growth of central bank . Definition of central bank and its principles . Functions of central bank . Clearing house and working of clearing house . Advantages of clearing house . Tools of monetary policy . Diffeculties in controlling credit . Differnece between central bank and commercial bank

ICOM Part 2 Banking Ch 4 Test
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12th class Principle of Banking chapter 4 online mcq test with answers for ICom part 2 Principle of Banking Chapter 4 (Central Bank)

Sr. # Questions Answers Choice
1 Under which Section Scheduled Bank can open new branch.
  • A. Section 38
  • B. Section 39
  • C. Section 40
  • D. Section 41
2 Credit money in the country is controlled by
  • A. Central bank
  • B. Commercial bank
  • C. Industrial bank
  • D. Agricultural bank
3 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
4 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
5 The document acquire to convert non -scheduled into scheduled bank
  • A. Prospectus
  • B. Debentures
  • C. By laws copy
  • D. Audited Annual Report
6 Modern central banking system started in
  • A. 18th Century
  • B. 19th Century
  • C. 20th Century
  • D. None of these
7 Participation term certificate are issued by.
  • A. Sole trader ship
  • B. Firm
  • C. Joint Stock Co.
  • D. Co-operative society
8 What is the objective of clearing house
  • A. To control credit money
  • B. To clear the transactions of different banks
  • C. Training of banking staff
  • D. Re-discounting of bills
9 Non -Scheduled bank menas a bank which is not registred with.
  • A. Stock Exchange
  • B. World Bank
  • C. Central Bank
  • D. Scheduled bank
10 Which is the quantitative method of credit control
  • A. Change in reserve ratio
  • B. Change in margin requirement
  • C. Selective control
  • D. Publicity

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