Question # 1

For commercial banks deposits are.

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Assets

Liabilities

Income

Expense

Account payee only in the transverse parallel line.

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Bearer cheque

Special crossing

General crossing

None of these

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

Joint-stock company can open the following account in bank

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Fixed

Current

Saving

All the above

The market in which funds are borrowed or lent for less than one year.

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Money market

Capital market

Open market

All these

Drawer and payee of inland promissory note belong to

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Same country

Different countries

Different cities

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

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

Where are the stock certificates sold and bought

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At commercial bank

At central bank

At post office

At stock exchange

Money market is market of loans for.

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Long term

Short term

Medium term

None of these

The Bank are called Scheduled Bank which are registered with the.

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Central Bank

world Bank

Bank of England

All the above

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

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Statement

License

Certificate

All the above

Overdraft is also knonw as.

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Cash Credit

Running finace

Cash finance

All the above

The slip which is used to deposit money into bank account.

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Deposit slip

Pay in slip

Credit voucher

All these

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

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Fixed

Revocable

Red clause

Green Clause

The loan given against some security are known as.

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Unsecured loans

Demand loans

Secured loans

All the above

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