Question # 1

Which of the following banks accepts deposits and advances loans

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Cooperative bank

Mortgage bank

Commercial bank

Central bank

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

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Reserve capital

Paid up capital

Autherized capital

Issued capital

What is necessary to continue or keep an account with the bank

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Introductory preference

Minimum required balance

Phone number

Political stability

Crossing makes the cheque:

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Unsafe

Unacceptable

Safe

Acceptable

It is necessary for scheduled bank to.

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Obey SBP

Submit report to SBP

Get the Book checked

All the above

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

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

Institutions of money market in Pakistan.

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Central Bank

Commercial Bank

Specialized institutions

All of these

Example of Non scheduled is

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ABL

AL-Meezan Investment Bank

HBL

NBP

How many merits of scheduled bank

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12

13

14

15

Drawer and payee of inland promissory note belong to

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Same country

Different countries

Different cities

None of the above

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

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

The other name of cash credit is.

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Overdraft

Cash finance

Runnign finance

None of these

Temples were used as early banks in.

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Italy

Room

Greece

Iraq

Methods for making foreign payments includes.

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Letter of credit

Foreign bills of exchange

Foreing bank draft

All of these

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