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
ic

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 Important functions of a central bank:
  • A. To issue currency notes
  • B. To provide banking facilities to government
  • C. To advise commercial banks
  • D. All of the above
2 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
3 Modern central banking system started in
  • A. 18th Century
  • B. 19th Century
  • C. 20th Century
  • D. None of these
4 Participation term certificates are issued in place of.
  • A. Shares
  • B. Debentures
  • C. NIT Units
  • D. All these
5 Pakistan's central bank was established in:
  • A. 1947
  • B. 1948
  • C. 1949
  • D. 1950
6 State Bank of Pakistan Act is
  • A. 1932
  • B. 1962
  • C. 1984
  • D. 1997
7 The central bank works under the rules framed by:
  • A. Government
  • B. People
  • C. Different banks
  • D. All of the above
8 When was the first central bank of sub-continent established:
  • A. 1635
  • B. 1732
  • C. 1835
  • D. 1935
9 Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.
  • A. Sec. 14
  • B. Sec . 13
  • C. Sec. 16
  • D. Sec. 17
10 Scheduled Banks can keep his totl assets outsinde the country.
  • A. 80%
  • B. 60%
  • C. 40%
  • D. 20%

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