Question # 1

What is the objective of clearing house

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To control credit money

To clear the transactions of different banks

Training of banking staff

Re-discounting of bills

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

When was the first central bank of sub-continent established:

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1635

1732

1835

1935

If the quatity of money in circulation increases then this situation is called:

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Inflation

Deflation

Money market

All of the above

The Bank are called Scheduled Bank which are registered with the.

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Central Bank

world Bank

Bank of England

All the above

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

Which form of automated payment would be better in paying wages to employee

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BACS

Standing order

Direct Debit

Credit transfer

Participation term certificate are issued by.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society

Pakistan's central bank was established in:

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1947

1948

1949

1950

Ribs Bank of Sweden became central bank in:

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1568

1668

1768

None of the above

Central bank provides the following facility to scheduled banks:

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Feast

Godown

Clearing house

None of the above

Modern central banking system started in

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18th Century

19th Century

20th Century

None of these

In case of inflation in the country, the rate of margin is:

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Increased

Reduced

Waived

All of the above

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

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

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Rs. 05 million

Rs. 06 million

Rs. 10 Billion

Rs. 07 billion

Scheduled Banks can keep his totl assets outsinde the country.

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80%

60%

40%

20%

Which term is used in connection with monetary policy

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Bank rate

Exchange rate

Wage rate

Market rate

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

Centrak Bank Act as Lender of Last Resort to.

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Scheduled Bank

Foreign Bank

Non-Sheduled bank

All the above

What are the objectives of monetary policy

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Stability in price

Exchange stability

Stability in capital market

All of the above

State Bank of Pakistan Act is

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1932

1962

1984

1997

It is necessary for scheduled bank to.

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Obey SBP

Submit report to SBP

Get the Book checked

All the above

The central bank works under the rules framed by:

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Government

People

Different banks

All of 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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