Question # 1

Can open new branch without the consent of Centrla Branch.

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Scheduled Bank

State Bank of Pakistan

Non -Scheduled Bank

Bank of England

Which method or methods are prevailing in Pakistan for issuing notes

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Fixed Fiduciary System

Proportional Reserve System

Both a and b

None of the these

Ribs Bank of Sweden became central bank in:

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1568

1668

1768

None of the above

In the Presence of Clearing House Scheduled Banks keeps.

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Less Cash Reserve

More Cash Reserve

No cash reserve

Fixed cash reserved

Scheduled Bank Can be registered under SBP Act.

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1956 Sec. 38 (1)

1957 Sec. 37 (1)

1956 Sec. 137 (1)

1956 Sec. 43(1)

Which function does a central bank not perform

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Credit creation

Advancing loans

Lender of last resort

Banker of the public

What are the objectives of monetary policy

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Stability in price

Exchange stability

Stability in capital market

All of the above

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

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

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5%

10%

30%

100%

Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.

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Sec. 14

Sec . 13

Sec. 16

Sec. 17

Which term is used in connection with monetary policy

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Bank rate

Exchange rate

Wage rate

Market rate

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

If credit money is controlled by the sale and purchase of government securities, it is called

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Direct action

Moral persuation

Change in reserve ration

Open market operation

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

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1932

1925

1984

1911

The document acquire to convert non -scheduled into scheduled bank

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Prospectus

Debentures

By laws copy

Audited Annual Report

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

What is the purpose of monetary policy

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To control banking system

To control supply of money

To control foreign exchange

To control stock market

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

State Bank of Pakistan Act is

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1932

1962

1984

1997

Non -Scheduled banks are formed under.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society Act

It is necessary for scheduled bank to.

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Obey SBP

Submit report to SBP

Get the Book checked

All the above

Participation term certificate are issued by.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society

The institution responsible for the contraction and expansion of money in the best interest of general public is called:

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Commercial bank

Clearing house

Central bank

Chamber of commerce

More Classes

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

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