Question # 1

Saving account can be opened by:

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An individual

A group of persons

The institutions

All of the above

Which account is considered a nn transferable account.

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Saving Account

Current Account

B.B.A. Account

Term Deposit Account

Draft drawn and pid in two different parties int he same country is called.

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Foreign draft

Demand draft

Local draft

None of these

Commercial bank advises its customers on

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Household matters

Financial matters

Political matters

All the above

The nature of money market in Pakistan.

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Under developed

Developed

Dualistic nature

None of these

Process of credit creation by

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Central bank

Commercial banks

Both of these

None of these

Bank prefers to advance loan on such documents

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Which are easy to keep

Which are transferable

Whose price can be determined easily

All the above

Money market is a market of loans for

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Short term

Medium term

Long term

All the above

If there is no guarantee to honour a letter of credit then it is called:

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Confirmed letter of credit

Irrevocable letter of credit

Unconfirmed letter of credit

None of the above

The letter of credit which can be endorsed to another person is called:

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Special L.C

Transferable L.C

Resolving L.C

None of the above

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.

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12th

13th

14th

15th

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

Which document indicates the authority and limitation of bank

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Memorandum

Articles

Certificate of incorporation

Prospectus

The bank can cover the loan by selling out the.

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Capital

Credit card

Security

None of these

when customer deposit his money in bank he become.

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Debtor

Bailer

Mortageger

Creditor

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