Question # 1

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

What is common between bank and customer.

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Account No.

Sereial No

Drawee

Cheque No

The principle of note issue are.

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Currency Principles

Banking Principles

Both a and b

None of these

Which is the secondary function of a commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

all of these

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of these

Money Lenders usually known as.

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Sheikh

Nawab

Seth

Debtors

What is written on the leaf of a cheque about customer

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Name

Address

Telephone number

Account number

Following is an example of Non-Operating Account.

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Current Account

Fixed Deposit Account

Foreign Currency A/c

Saving Account

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

Specialized credit institutions includes.

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BEL

NIT

ICP

All of these

Promissory note means a:

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Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

State Bank of Paksitan was established on

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1st July 1949

Ist July 1948

Ist July 1694

Ist July 1964

The main characteristics of bank draft.

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Written

On demand

Certain payment

All of these

Which of the following is used to finance the people who want to travel abroad

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Traveller's letter of credit

Traveller's cheque

Circular note

All the above

The loan which is granted by by bank to account holder on temporary basis called

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Cash credit

Overdraft

Demand loan

None of the above

Minor person of a bank is one who is below.

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15 years

16 years

18 years

17 years

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