Question # 1

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

Main parties of promissory note are

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One

Two

Three

Four

Qualitative methods of monetary policy donot include.

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Bank rate policy

Direct Actions

Publicity

Moral persuasion

Drawee fo bills of exchange is a person

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Who receives the amount of bill

On whom the bill is drawn

Who accepts the bill

In whose favour the bill is transferred

Which of the following is not an example of plastic money

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Debit card

ATM card

Currency notes

Credit card

Rate of interest in case of fixed deposit is

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Low

High

Both

None of the above

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

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

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

Which account is called non operating account.

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Current account

Saving account

Fixed account

BBA account

When bank provides finance to its customer under an agreement of Modaraba, the customer becomes

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Consumer

Zarib

Aamal

None of the above

The person in whose favour the rights of recieving the amount of cheque transferred:

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Endorser

Payee

Endorsee

All of the above

The charge or price for the use of money is called

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Profit

Commission

Interest

Dividend

Formula for calculating total credit creation:

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New deposit x 1/Reserve ratio

New deposit x Reserve ratio/1

Reserve ratio x 1/New deposit

None of the above

When customer deposits his money in a bank, he becomes

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Mortgagee

Creditor

Debtor

None of the above

No minimum balance limit requried in.

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Current Account

Saving Account

Foreign Account

B.B.A Account

How many merits of debit card

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5

6

7

8

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