Question # 1

The central bank works under the rules framed by:

Choose an answer

Government

People

Different banks

All of the above

The document acquire to convert non -scheduled into scheduled bank

Choose an answer

Prospectus

Debentures

By laws copy

Audited Annual Report

Central bank is owned by

Choose an answer

Public

Government

Commercial baks

All of the above

Which method or methods are prevailing in Pakistan for issuing notes

Choose an answer

Fixed Fiduciary System

Proportional Reserve System

Both a and b

None of the these

Under which Section Scheduled Bank can open new branch.

Choose an answer

Section 38

Section 39

Section 40

Section 41

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

Choose an answer

Stock Exchange

World Bank

Central Bank

Scheduled bank

Central Bank provide the facility to Scheduled Banks.

Choose an answer

Rediscounting Bills

Clearing House

Transfer of Money

All the above

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

Choose an answer

Section 38

Section 33

Section 37

Section 40

Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.

Choose an answer

Rs. 05 million

Rs. 06 million

Rs. 10 Billion

Rs. 07 billion

It is necessary for scheduled bank to.

Choose an answer

Obey SBP

Submit report to SBP

Get the Book checked

All the above

State Bank of Pakistan Act is

Choose an answer

1932

1962

1984

1997

Important functions of a central bank:

Choose an answer

To issue currency notes

To provide banking facilities to government

To advise commercial banks

All of the above

Which term is used in connection with monetary policy

Choose an answer

Bank rate

Exchange rate

Wage rate

Market rate

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

Choose an answer

1932

1925

1984

1911

Which function does a central bank not perform

Choose an answer

Credit creation

Advancing loans

Lender of last resort

Banker of the public

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer