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

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

Sr. # Questions Answers Choice
1 The institution responsible for the contraction and expansion of money in the best interest of general public is called: Commercial bank Clearing house Central bank Chamber of commerce
2 Pakistan's central bank was established in: 1947 1948 1949 1950
3 When was the first central bank of sub-continent established: 1635 1732 1835 1935
4 Qualitative methods of monetary policy do not include: Direct actions Publicity Bank rate policy Moral pursuation
5 Important functions of a central bank: To issue currency notes To provide banking facilities to government To advise commercial banks All of the above
6 Ribs Bank of Sweden became central bank in: 1568 1668 1768 None of the above
7 Central bank bank supervises one of the following systems of a country: Provincial Political Economical and financial None of the above
8 Central bank is owned by Public Government Commercial baks All of the above
9 If credit money is controlled by the sale and purchase of government securities, it is called Direct action Moral persuation Change in reserve ration Open market operation
10 Which is the quantitative method of credit control Change in reserve ratio Change in margin requirement Selective control Publicity
11 What is the purpose of monetary policy To control banking system To control supply of money To control foreign exchange To control stock market
12 What is the objective of clearing house To control credit money To clear the transactions of different banks Training of banking staff Re-discounting of bills
13 Which term is used in connection with monetary policy Bank rate Exchange rate Wage rate Market rate
14 What are the objectives of monetary policy Stability in price Exchange stability Stability in capital market All of the above
15 Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue 5% 10% 30% 100%
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