Question # 1

Which of the following is a highly marketable security

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Document of title to goods

Shares and debentures

Immovable property

All the above

How many merits of credit card

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7

8

9

10

Short term monetary assets are also called as.

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Marketbale debt securities.

Near money

Short term monetary assets

All these

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

Bill brokers and discount houses work in.

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_{Open market}

Capital market

Money Market

None of these

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

Which of the following is a non-commercial letter of credit

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Irrevocable letter of credit

Red-clause letter of credit

Special letter of credit

Traveller's letter of credit

Payee has no give his identification to bank for receiving the amount of:

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

In case of mortage, the property remains in the possession of:

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Lender (creditors)

Borrower (debtors)

The government

All of the above

Why does it necessary for a customer t sign the specimen signature card

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To match with the signatures when cheque is presented for payment

To make exercise of signatures

To complete documentary requirements

To obtain new cheque book

After 31st Decemebr 1965 Pakistan use

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Min. Reserve system

Fixed Fiduciary system

Proportional Reserve

None of these

What type of institution a bank is:

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Financial

Social

Religious

All of the above

Drawee of bank draft is.

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Creditor

Debtor

Issuing bank

Paying bank

Whihc of the following is the most elastic method for issuing notes.

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Fix fiduciary system

Minium Reserve system

Proportional Reserve system

None of these

Orverdraft facility is not allowed to.

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Minor

Lunatic

Parda Nasheen woman

Both b and c

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

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