Question # 1

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

The kind of commercial letter of credit includes.

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Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

The main objectives of foreign exchange control are.

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Stablilize exchange rate

Increase Govt.Revenue

Protect domestic industires

All of these

Cheque is a written order of customer to:

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keep the amount

Transfer the amount

Pay the amount

Recieve the amount

Electronic banking transaction Ordinance is.

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1974

2002

1984

1962

Why does it necessary for a customer t sign the specimen signature card

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To match with the signatures when cheque is presented for payment

To make exercise of signatures

To complete documentary requirements

To obtain new cheque book

American express Bank is an example of.

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School Bank

Exchange Bank

Consortium Bank

None of these

It is the right of the bank to.

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Right to lien

Charge of services

Right of setting off

All these

Which of the following rate keeps the balance of payments in equilibrium

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Discount rate

Interest rate

Exchange rate

Market rate

Bank of England was formed in:

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1594

1694

1794

1894

Which is appointed by govt. to certify the negotiable instrument:

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Private attorney

Public attorney

Notary public

Giazetted Officer

The rate which keeps the balance of payment in equilibrium.

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Equilibrium rate

Foreign exchange rate

Currency Rate

Dollar rate

Riba is the word of following language

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Urdu

Arabic

English

French

In how many days would a schque between banks clear through the clearing system.

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7 days

3 days

10 days

5 days

Important source of income for Bank.

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Deposits

Current Account

Saving account

Issued loans

Which method is mostly used in making foreign payment

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Foreign bills of exchange

By post

By telegraph

None of these

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