Question # 1

Letter of credit is opened by.

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Importer 's bank

Exporter's bank

Wholse seller

None of these

Endorsee of cheque is a person

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Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

Inland sight bill of exchange is usually used in.

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Domestic trade

Inter port trade

Foreign trade

None of these

How many minimum promoters are required to sign on an application for the registration of commercial bank

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Two

Five

Seven

Ten

The head office of IDB is in

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Jeddah

Islamabad

Tehran

Dubai

Who is the leader or supervisor of money market

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Government

Central bank

Commercial bank

Money lender

When was the "Bank of Venice" established:

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1127

1147

1157

1187

United Bank Ltd. was formed on.

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1959

1949

1694

1957

The documents which present a summary and balance of accounts of an A/C holder in bank.

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Balance sheet

Pass book

Prospectus

Bank Staement

In case of non-negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Which method is used for the formation of bank

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Royal order

Special ordinance

Company's ordinance

All of the above

The rate at which commercial banks and centrla bank buys and sells foreign currency.

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Bank Rate

Inter Bank rate

Intrest rate

Discount rate

the card which can be used to pay for goods purchased.

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ID card

Credit card

Chrage card

Gurantee card

The bill of exchange who's tenor is less than three month is.

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

Another name of fixed deposit receipt is.

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Term Deposit receipt

Capital receipt

Cash Deposit receipt

Revenue receipt

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