Question # 1

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

The main objectives of foreign exchange control are.

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Stablilize exchange rate

Increase Govt.Revenue

Protect domestic industires

All of these

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

On every cheque bank gets

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Profit

Commission

Tax

Duty

Which bank does accept the deposits from public

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Commercial bank

Central bank

Foreign exchange bank

All the above

Which of the following is useful in facilitating trade relation between the businessmen of different countries

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Bank draft

Money order

Letter of credit

Stock certificate

The price of one country's currency in term other country's currency is called

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Foreign currency

Traveller's L.C.

Exchange rate

None of these

Heart of Financial Structure.

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Commercial bank

Central bank

Consortium Banks

All these

Negoitable credit instruemnts includes

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Bank darft

Postal order

I.O.U

Money order

Rate of interest in case of fixed deposit is

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Low

High

Both

None 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

Scheduled bank is bound to keep with the Country.

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80% of Total Assets

60% of Total Assets

40% Total Assets

20% Total Assets

Present commercial Banks are teh Developed form of the business of.

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Money Lenders

gold smiths

Money changers

Merchants

The exchange of one country's currency for another foreign currency.

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Exchange Rate

Money change

Foreign exchange

None of these

Which of the followig is not an example of Plastic money.

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Debit card

ATM card

Credit card

Currency notes

Temples were used as early banks in.

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Italy

Room

Greece

Iraq

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