Question # 1

Margin means the difference between amount of loan and.

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Value of overdraft

Market value

Value of security

None of these

Which of the following is not an objective of central bank.

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Economic development

Helping Govt

Walfare of economy

Credit creation

Feature of postal order

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Serial no

value

Commission

All of these

Which of the following is a highly marketable security

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Document of title to goods

Shares and debentures

Immovable property

All the above

Bank is bound to honour the cheque of customer if:

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Required amount is available in amount

Cheque is according to rules of conduct

There is no restriction by government

All of the above

Cheque is a written order of customer to:

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keep the amount

Transfer the amount

Pay the amount

Recieve the amount

Beginning of Bank draft by

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Kings

Money lenders

Merchants

gold smith

Grace days are given to debtors for payment.

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3 days

4 days

5 days

6 days

The acceptance of bill with some conditionis called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

the developed form of red claause L.C. is.

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Revocable L.C.

Green clause L.C.

Unconfirmed L.C.

All of these

The departments of State Bank of Pakistan includes.

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Note issuing deptt

Bankng deptt

Foreign exchange deptt

All the above

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

Two transverse parallel lines on the face of cheque.

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Crossingof cheque

Dishnoring of cheque

Endorsed of cheque

Retirementof cheque

The various kinds of exchange rate includes.

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Official rate

Spot rate

Forward rate

All of these

The principle of not issue is

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Currency principle

Discount rate principle

Bank rate principle

All the above

State Bank of Pakistan was established on.

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Tuesday Ist July 1948

Wednesday Is July 1948

Thursday Ist July 1948

Friday Ist July 1948

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