2nd Year Principles of Banking Chapter 14 TestBanking System in Pakistan

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. Which of the following institution was converted into IDBP:

   1. Pakistan industrial finance corporation

   2. Pakistan investment corporation

   3. Industrial bank

   4. Pakistan industrial & credit investment corporation

2. Which one of the following is not the preference of state bank of Pakistan?

   1. Expansion in banking system

   2. Control over the supply of money

   3. Equal distribution of credit

   4. To earn maximum profit

3. State bank of Pakistan was established on act:

   1. 1948

   2. 1935

   3. 1940

   4. 1947

4. Commercial bank were nationalized in Pakistan in:

   1. 1965

   2. 1974

   3. 1981

   4. 1984

5. What was the capital of state bank of Pakistan at the time of establishment:

   1. 30 millions

   2. 300 millions

   3. 30 billions

   4. 300 billions

6. When was the national bank of Pakistan established:

   1. 1948

   2. 1949

   3. 1950

   4. 1951

7. PICIC was established as:

   1. Private company

   2. Limited company

   3. Partnership

   4. None of these

8. When were the Pakistani bank nationalized:

   1. 1974

   2. 1984

   3. 1990

   4. 1994

9. In Pakistan, bank has monopoly of issue note:

   1. Commercial bank

   2. Industrial bank

   3. State bank

   4. None of these

10. When did the National Bank start its functions as the agent of SBP:

    1. 1949

    2. 1950

    3. 1952

    4. None of the above