Question # 1

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All the above

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

Purchasing power theory of foreign exchange was given by.

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Hartly

Gustav Cassel

D .Cock

None of these

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

The various kind of bank draft includes.

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Inland draft

Crossed bank draft

Foreign draft

All of these

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

Quality of good security includes.

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Easy salable

Disputed

Source of expense

All these

Payee has no give his identification to bank for receiving the amount of:

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

The person who endorse the bill of exchange in called.

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Endorser

Trustee

Enddorser

Drawee

Who did print the cheque in specific form for the first time or firstly:

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Imperial Bank

Bank of England

State Bank of Pakistan

None of the above

Loan Create

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Monopoly

Inflation

Deposits

All the above

PTC are issued in place of

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Shares

Debentures

Bonds

None of these

The primary objective of a central bank is to

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Earn profit

Advance loans to traders

Safeguard the national interest

All of the above

Which bank account continues after the with drawal of total amount:

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Current saving

Fixed deposit

Saving account

All of the above

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

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