Question # 1

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

What is necessary to withdraw money through ATM.

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ATM card

PIN number

ATM terminal

All of these

In case of mortage, the property remains in the possession of:

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Lender (creditors)

Borrower (debtors)

The government

All of the above

Which letter of credit is issued for a single or particular transaction:

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Fixed

Revocable

Red clause

Green Clause

In case of inflation in the country, the rate of margin is:

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Increased

Reduced

Waived

All of the above

Begining of Bank draft by.

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Kings

Money Lenders

Merchants

Gold smith

Retirement of bill means

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Payment of bill before due date

Dishonoring of bill due to non-payment

Protesting of bill

Dishonoring of bill due to non-acceptance

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

The external value of local currency is stablized through:

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Monetary policy

Increase in prices

Trade policy

All of the above

For Transactions the merchants used to issue.

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Passport

Promissory note

Ideintty card

Bil lof exchange

Commercial bank can be

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Scheduled

Foreign

Non Sheduled

All these

Bank draft is a credit instrument.

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Negotiable

Non negotiable

Unreadable

None of these

Commercial bank advises its customers on

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Household matters

Financial matters

Political matters

All the above

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

Non geogibale credit instruemnt are.

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Letter of credit

I.O.U

Money order

All of these

Joint Stock Company can open only.

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Fixed deposited account

Saving account

B.B.A . Account

Current account

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