Question # 1

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

Which principle is followed by central bank to issue currency notes

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Currency principle

Banking principle

Both principle

None of the above

Which bank is called the mother or central banks

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Reserve bank of India

Bank of England

State Bank of Pakistan

Bank of Venice

Modern central banking system started in

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18th Century

19th Century

20th Century

None of these

Participation term certificate are issued by.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society

Central bank provides the following facility to scheduled banks:

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Feast

Godown

Clearing house

None of the above

Non- Scheduled banks are formed under co-opeative society Act.

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1932

1925

1984

1911

Centrak Bank Act as Lender of Last Resort to.

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Scheduled Bank

Foreign Bank

Non-Sheduled bank

All the above

Scheduled bank is bound to keep with the Country.

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80% of Total Assets

60% of Total Assets

40% Total Assets

20% Total Assets

Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.

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Section 38

Section 33

Section 37

Section 40

Central Bank provide the facility to Scheduled Banks.

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Rediscounting Bills

Clearing House

Transfer of Money

All the above

Which term is used in connection with monetary policy

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Bank rate

Exchange rate

Wage rate

Market rate

Which function does a central bank not perform

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Credit creation

Advancing loans

Lender of last resort

Banker of the public

Non -Scheduled bank menas a bank which is not registred with.

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Stock Exchange

World Bank

Central Bank

Scheduled bank

Documents required to conert non scheduled bank into scheduled bank.

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Memorandum of Association

Articles of Association

Audited Annual Report

All the above

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Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test MCQs With Answers

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