- 1. Which banknotes do not feature a portrait of Muhammad Ali Jinnah on the obverse?
A) Rs. 5/- and Rs. 10/-
B) Rs. 500/- and Rs. 1000/-
C) Re. 1/- and Rs. 2/-
D) Rs. 50/- and Rs. 100/-
- 2. What language is used for the writing on the obverse of banknotes featuring Jinnah?
A) English
B) Persian
C) Urdu
D) Arabic
- 3. What language is found on the reverses of the banknotes?
A) Arabic
B) English
C) Urdu
D) French
- 4. What is the only Urdu text found on the reverse of the banknotes?
A) The national anthem
B) A translation of a Prophetic Hadith
C) The name of the State Bank
D) A quote from Jinnah
- 5. What English translation of the Prophetic Hadith appears on the reverse of banknotes?
A) Patience is a virtue.
B) Knowledge is power.
C) Cleanliness is half of faith.
D) Seeking an honest livelihood is an act of worship.
- 6. What is the Urdu phrasing for the Hadith featured on the reverse of the banknotes?
A) Quaid-e-Azam
B) Pakistan Zindabad
C) Hukumat-e-Pakistan
D) Hasool-e-Rizq-e-Halal Ibaadat hai
- 7. How do the sizes of the banknotes vary based on their denominations?
A) Larger denominations are longer than smaller ones
B) Size is completely random
C) Smaller denominations are longer than larger ones
D) All banknotes are the exact same size
- 8. Do banknotes contain single or multiple colours?
A) Black and white only
B) Transparent
C) Multiple colours
D) Only one colour
- 9. What characterizes each banknote denomination regarding its colour?
A) They all share the exact same predominant colour
B) They change colour daily
C) They have no predominant colour
D) One colour predominates
- 10. What feature is included on all banknotes for security purposes?
A) A watermark
B) A fingerprint scanner
C) A hologram sticker
D) A metal coin embedded inside
- 11. What is the watermark on larger denomination notes?
A) The national flower
B) A picture of Jinnah
C) A mark of the State Bank
D) A crescent and star
- 12. What is the watermark on smaller denomination notes?
A) A map of Pakistan
B) A portrait of the Governor
C) A crescent and star
D) A picture of Jinnah
- 13. What type of security feature, other than watermarks, is present in each banknote?
A) DNA coding
B) Invisible ink stamps
C) Magnetic stripes
D) Different types of security threads
- 14. What has the State Bank started doing with older banknote designs?
A) Reissuing them with higher values
B) Exporting them
C) Painting over them
D) Phasing them out for new, more secure ones
- 15. When did Pakistan put foreign exchange controls in place?
A) 1978
B) 1972
C) 1950
D) 1949
- 16. What did the 1949 foreign exchange controls restrict?
A) Trade with Western countries
B) All banking activities completely
C) The export and import of currency except for Haj
D) Only the use of coins
- 17. The restrictions on currency export and import created an opportunity for what illegal activity?
A) Tax evasion
B) Smuggling
C) Identity theft
D) Counterfeiting
- 18. What did Pakistan issue to combat smuggling related to the Haj?
A) Gold coins
B) International credit cards
C) Special Haj pilgrim notes
D) Digital vouchers
- 19. What text was overprinted in English on the original Haj pilgrim notes?
A) State Bank of Pakistan Haj Note
B) Valid only in Mecca and Medina
C) For Hajj pilgrims from Pakistan for use in Saudi Arabia only
D) For pilgrims from Pakistan for use in Saudi Arabia and Iraq
- 20. Why did the government not use other means of exchange for Haj pilgrims?
A) Opposition from Saudi Arabia
B) Banks were closed
C) High illiteracy and additional costs
D) Lack of paper supply
- 21. When was the State Bank Order made to allow the issue of Haj notes?
A) May 1949
B) May 1978
C) May 1950
D) May 1972
- 22. When was a new series of Haj notes released under the name of the State Bank of Pakistan?
A) 1978
B) 1950
C) 1975
D) 1972
- 23. Whose name was on the Haj notes released in 1972 instead of the Government of Pakistan?
A) Ministry of Finance
B) King of Saudi Arabia
C) Governor of the State Bank
D) State Bank of Pakistan
- 24. What language overprints were on the 1972 series of Haj notes?
A) Urdu and English
B) Urdu and Arabic
C) English only
D) Arabic only
- 25. What did the overprint on the 1972 Haj notes say?
A) For Hajj pilgrims from Pakistan for use in Saudi Arabia only
B) State Bank of Pakistan Pilgrim Currency
C) Authorized for Haj travel only
D) For pilgrims from Pakistan for use in Saudi Arabia and Iraq
- 26. In which years were new Haj notes printed to reflect changes in standard notes?
A) 1975 and 1978
B) 1960 and 1965
C) 1950 and 1955
D) 1980 and 1985
- 27. Until what year did the use of Haj notes continue?
A) 1990
B) 1978
C) 1972
D) 1950
- 28. What was true about the stock of notes used until 1978?
A) New notes were printed every single month
B) Notes were imported from the UK
C) Notes were hand-signed by the Prime Minister
D) Existing stocks were used without printing new notes with signatures of later Governors
- 29. What is believed to have happened to most of the remaining stock of Haj notes once their use was discontinued?
A) It was shipped to Iraq
B) It was locked in a museum forever
C) It was destroyed
D) It was distributed to the poor
- 30. How did many Haj notes end up entering the collector market?
A) Through thefts from the central bank
B) By pilgrims who refused to return them
C) They were found buried underground
D) Following their sale to a banknote dealer by the State Bank of Pakistan
- 31. What text was engraved on the front watermark area of the provisional notes in Urdu?
A) GOVERNMENT OF PAKISTAN
B) Pakistan Security Printing Corporation
C) Hukumat-e-PAKISTAN
D) State Bank of Pakistan
- 32. What stake did Thomas De La Rue & Co. Ltd. hold in the PSPC partnership?
A) 40%
B) 50%
C) 7.5%
D) 60%
- 33. What stake did the Pakistani Government hold in the PSPC partnership?
A) 40%
B) 60%
C) 100%
D) 50%
- 34. What was the initial capital of the PSPC venture?
A) 7.5 billion rupees
B) 10 million rupees
C) 1.5 million rupees
D) 7.5 million rupees
- 35. Which printing method did the PSPC choose over the lithographic method?
A) Screen printing
B) Intaglio process
C) Relief printing
D) Letterpress printing
- 36. In which year did regular government issues of Pakistani banknotes commence?
A) 1953
B) 1948
C) 1957
D) 1949
- 37. Until which decade did the government continue to issue Re. 1 notes?
A) 1970s
B) 1980s
C) 1960s
D) 1950s
- 38. When did the State Bank of Pakistan take over note-issuing with new denominations?
A) 1986
B) 1963
C) 1948
D) 1953
- 39. When were Rs. 50/- notes added to the currency?
A) 1957
B) 1986
C) 2005
D) 1953
- 40. When were Rs. 2/- notes reintroduced after their initial limited issue?
A) 1998
B) 1971
C) 1953
D) 1985
- 41. In which year were Rs. 500/- notes introduced?
A) 1986
B) 2006
C) 1987
D) 1957
- 42. When were Rs. 20/- notes added?
A) 2005
B) 1998
C) 2006
D) 1986
- 43. When were Rs. 5,000/- notes added?
A) 2006
B) 1987
C) 2005
D) 1953
- 44. Until what year were Pakistan banknotes bilingual with a Bengali translation?
A) 1948
B) 1953
C) 1985
D) 1971
- 45. What was the currency renamed as in the Bengali text featured on pre-1971 Pakistani banknotes?
A) paisa
B) taka
C) rupee
D) dinar
- 46. In which fiscal year did the PSPC begin issuing its own 1- and 5-rupee notes?
A) 1948-49
B) 1985-86
C) 1952-53
D) 1963-64
- 47. What color was the back of the British-produced 1-rupee version that the PSPC changed?
A) Green
B) Purple
C) Red
D) Blue
- 48. When was the new PSPC 1-rupee note design circulated?
A) 14 December 1963
B) 1 April 1948
C) 11 March 1949
D) 31 January 1953
- 49. When did the State Bank of Pakistan start operating its own printing press?
A) 31 January 1953
B) 14 December 1963
C) 1 September 1953
D) 11 March 1949
- 50. When was the third series of the 100-rupee note released?
A) December 1963
B) September 1953
C) April 1948
D) March 1949
- 51. What is the official currency of the Islamic Republic of Pakistan?
A) Pakistani paisa
B) Pakistani rupee coin
C) Pakistani rupee
D) Pakistani taka
- 52. What is the ISO code for the Pakistani rupee?
A) PIE
B) PAR
C) PKR
D) PRK
- 53. What is the currency symbol of the Pakistani rupee?
A) ₹
B) ₨
C) 𞱱
D) ৳
- 54. Until what year were paisa-denominated coins legal tender in Pakistan?
A) 1996
B) 1961
C) 2013
D) 1949
- 55. In Pakistani English, what term represents hundred thousands?
A) kharab
B) arab
C) crore
D) lac
- 56. In Pakistani English, what term represents ten-millions?
A) crore
B) arab
C) kharab
D) lac
- 57. In Pakistani English, what term represents a billion?
A) crore
B) kharab
C) arab
D) lac
- 58. In Pakistani English, what term represents hundred billion?
A) crore
B) lac
C) arab
D) kharab
- 59. From which language is the word rūpiya derived?
A) Urdu
B) Persian
C) Arabic
D) Sanskrit
- 60. Who introduced the coin named rūpaya during his reign from 1540 to 1545 CE?
A) Aurangzeb
B) Akbar the Great
C) Babur
D) Sher Shah Suri
- 61. Initially, like the Indian rupee, the Pakistani rupee was originally divided into how many annas?
A) 100
B) 10
C) 12
D) 16
- 62. Each anna was originally equal to how many pice?
A) 100
B) 4
C) 16
D) 12
- 63. Each anna was originally equal to how many pie?
A) 12
B) 16
C) 4
D) 100
- 64. What Urdu inscription was added to the front of modified RBI notes?
A) Bank-e-Pakistan
B) Hakumat-e-Pakistan
C) Hukumat-e-Hind
D) Pakistan Zindabad
- 65. In what year was the Pakistani currency decimalised?
A) 1949
B) 1972
C) 1996
D) 1961
- 66. Until what year were coins denominated in paisa issued before stopping production?
A) 2013
B) 1972
C) 1996
D) 1961
- 67. In 1972, which newly independent country introduced the taka originally at parity with the Pakistani rupee?
A) Sri Lanka
B) Bangladesh
C) India
D) Afghanistan
- 68. What did the adjective rūpya originally mean before taking the specific meaning of a coin?
A) Shapely
B) Shiny
C) Heavy
D) Valuable
- 69. From which noun is the word rūpya derived?
A) rūpiya
B) taka
C) rūpa
D) rāj
- 70. What does the noun rūpa mean?
A) King, ruler, sovereign
B) Wealth, property, asset
C) Shape, likeness, image
D) Silver, metal, ore
- 71. In which year was the 2 paisa coin introduced?
A) 1964
B) 1963
C) 1961
D) 1976
- 72. When were Re. 1/- coins reintroduced?
A) 2007
B) 1979
C) 2002
D) 1998
- 73. What year was the 2 paisa coin last minted?
A) 1976
B) 1979
C) 1964
D) 1996
- 74. What architectural feature appears on some Rs. 2/- coins above the Badshahi Mosque?
A) Birds
B) Stars
C) Clouds
D) Sun rays
- 75. In what year were the Re. 1/- and Rs. 2/- coins changed to Aluminium?
A) 2002
B) 2007
C) 2013
D) 1998
- 76. When did the Pakistan government introduce a revised Rs. 5/- coin with reduced size and weight?
A) 15 October 2013
B) 15 October 2019
C) 15 October 2016
D) 15 October 2015
- 77. What is the composition of the revised Rs. 5/- coin introduced in 2015?
A) Aluminium
B) Pure copper
C) Nickel-brass
D) Copper-nickel-zinc
- 78. What is the color of the revised Rs. 5/- coin introduced in 2015?
A) Silver
B) Bronze
C) Copper
D) Golden
- 79. In what year was a Rs. 10/- coin introduced into circulation?
A) 2013
B) 2015
C) 2016
D) 2019
- 80. Who signed the 75 Rupees Independence commemorative note?
A) Abid Qamar
B) Quaid-e-Azam
C) Raza Baqir
D) Jameel Ahmad
- 81. Who introduced the commemorative Rs. 75 banknote to celebrate the central bank's 75th anniversary?
A) Abid Qamar
B) Raza Baqir
C) Sir Syed Ahmad Khan
D) Jameel Ahmad
- 82. Which Urdu numeral appears complete when the Rs75 commemorative note is held in the light?
A) 25
B) 50
C) 100
D) 75
- 83. During which holiday did shopkeepers across Pakistan refuse to accept Rs. 75 notes?
A) Independence Day
B) Eid al-Adha
C) Eid al-Fitr
D) Ramadan
- 84. Who posted a video on the central bank's official Twitter account to reassure the public about the Rs. 75 note?
A) Quaid-e-Azam
B) Raza Baqir
C) Abid Qamar
D) Jameel Ahmad
- 85. Under which section of its Act does the SBP issue all currency?
A) Section 14
B) Section 25
C) Section 75
D) Section 30
- 86. Which notable historical figure's omission from the 2022 commemorative note stirred debate?
A) Allama Iqbal
B) Sir Syed Ahmad Khan
C) Quaid-e-Azam
D) Liaquat Ali Khan
- 87. Is the commemorative Rs. 75 banknote a legal tender?
A) Only temporarily
B) Yes
C) Only for foreign trade
D) No
- 88. Will the commemorative Rs. 75 banknote impact the overall money supply?
A) No
B) Yes, by increasing inflation
C) Yes, by doubling the supply
D) Yes, significantly
- 89. How is the release of the Rs. 75 banknote described?
A) An unlimited release
B) A limited, one-time release
C) A monthly issuance
D) A permanent replacement
- 90. Between 1948 and July 1955, the Pakistani rupee was effectively pegged to which currency?
A) Indian rupee
B) Gold
C) U.S. dollar
D) Pound Sterling
- 91. Initially, the Indian and Pakistani rupees were at what status?
A) At parity
B) Unlinked
C) At a 30% discount
D) At a 44% premium
- 92. At what premium was the Pakistani rupee valued against the Indian rupee after 1949?
A) 44%
B) 30%
C) 23%
D) 38.5%
- 93. When did the Pakistani rupee return to parity with the Indian rupee?
A) 1972
B) 1955
C) 1948
D) 1966
- 94. What system existed before its collapse, pegging the currency at a fixed exchange rate for international trade?
A) Bretton Woods system
B) Federal Investigation Agency system
C) Managed float system
D) Current account surplus system
- 95. Before the Bretton Woods collapse, to whom was the dollar convertible for foreign governments?
A) Pound Sterling
B) Indian rupee
C) Gold
D) Silver
- 96. To which currency was the rupee pegged until 1982?
A) Gold
B) Indian rupee
C) U.S. dollar
D) Pound Sterling
- 97. Who was the government leader when the rupee changed to a managed float in 1982?
A) The text does not mention another leader
B) An unnamed Federal Investigation head
C) Pervez Musharraf
D) General Zia-ul-Haq
- 98. What happened to the cost of importing raw materials after the 1982 change?
A) Remained stable
B) Fluctuated daily
C) Increased rapidly
D) Decreased rapidly
- 99. What pushed the value of the rupee up against the dollar at the turn of the century?
A) Pakistan's large current account surplus
B) A managed float by General Zia-ul-Haq
C) The introduction of the Rs. 75 note
D) Raids by the Federal Investigation Agency
- 100. What year was termed a disastrous year for the rupee after elections?
A) 2008
B) 1982
C) 1971
D) 2023
|