Question # 1

The letter of credit which can be endorsed to another person is called:

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Special L.C

Transferable L.C

Resolving L.C

None of the above

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

For customer Money deposited int Bank is.

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Liability

Asset

Saving and Asset

Expense

When bank provides finance to its customer under an agreement of Modaraba, the customer becomes

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Consumer

Zarib

Aamal

None of the above

Which of the following parties of a letter of credit is called beneficiary

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Importer

Exporter

Opening bank

Advising bank

Which is the Primary functionof a commercial bank.

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Issue Notes

Accepting Deposits

Credit creation

None of these

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

The nature of money market in Pakistan.

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Under developed

Developed

Dualistic nature

None of these

To meet the modern banking transactions Requirements SBP introduced.

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E- Banking

Islamic Banking

Office banking

All of these

Teh stock exchange markets in Pakistan are.

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Two

Three

Four

Five

A form of written agreement between the customer and his bank is.

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Cheque book

Bank Statement

A/c opening form

Pass book

When cheque is cashed then its main foil is given to:

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Bank

Customer

Government

None of these

A blind person can open account with bank.

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Current account

Fixed deposit account

Saving account

All the above

Upper specie point is got by adding the delivery charges in following metal

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Silver

Gold

Iron

Copper

ATM is used to withdraw money from the

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Branch of bank in which we have the account

Any branch of concerned bank

Other banks

All the above

The bill of exchange who's tenor is less than three month is.

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

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