vu bnk601 Lecture No.16 - Quiz No.1
vu bnk601 Banking Laws & Practices Quiz
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Question 1: According to the State Bank of Pakistan Act, 1956, “Member” refers to which of the following?
Member of the Local Board
Member of the Committee
Member of the Legislature
Member of the Bank
Question 2: According to Section 20 of Banking Companies Ordinance, 1962, of the following who CANNOT be a director of the banking company?
Any person who is a director in any other banking company
A federal or provincial minister
A person in the service of Pakistan who is not appointed by Government as a director
All of the given options
Question 3: Which of the following is a bank under Section 3 of SBP Banking Services Corporation Ordinance, 2001?
Sole Proprietorship
Association of Person
Hindu Undivided Family
Body Corporate
Question 4: According to the State Bank of Pakistan Act, 1956, “Central Board” refers to which of the following?
Central Board of Revenue
Central Board of Directors of the Bank
Central Board of Information Technology
Central Board of Investments
Question 5: In which of the following, head office of the bank should be situated under Section 3 of SBP Banking Services Corporation Ordinance, 2001?
Islamabad
Lahore
Karachi
Any provincial Capital
Question 6: According to Section 4 of State Bank of Pakistan Act, 1956, which of the following should be the original Capital of the Bank?
Rs. 20 Millions
Rs. 30 Millions
Rs. 40 Millions
Rs. 50 Millions
