Question # 1

What is recieved by the post office on money order:

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Profit

Interest

Commision

All of the above

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

Who can issue participation term certificates

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Firm

Company

Cooperative society

All the above

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

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Statement in lieu of prospectus

Certificate of incorpoartion

Certificate of commencement

None of the above

Which of the following is a limitation in credit creation.

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Initial deposit

Use of cheques

Use currency

all of these

Endorser of promissory note is a :

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Person who promises to pay

Person who receives the amount of note

Person in whose favour the rights are transferred

Person who trasfers the rights of note

The various kind of bank draft includes.

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Inland draft

Crossed bank draft

Foreign draft

All of these

When was the "Bank of Venice" established:

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1127

1147

1157

1187

The Central Bank sells Govt. Securities in.

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Summer

Deflation

Winter

Inflation

Postal order is the example of.

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Negotible credit instrument

Cash instruent

Non negotiable credit instrument

None of these

Any Co.which transact the business of banking in Pakistan.

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Chartered co.

Joint stock co.

Banking co.

All of these

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

The word Bank has been derived from the German word

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Back

Bancus

Banco

None of the above

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

Bank draft is a credit instrument.

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Negotiable

Non negotiable

Unreadable

None of these

The features of debit card, credit card and ATM card.

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magnetic strip

Specific number

electronic ship

All of these

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