Question # 1

If an old joint stock company opens the account then a bank demands for last few years:

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Balance sheet

Annual report

Both (a) & (b)

None of the above

Which document is attached to the application for the registration of bank

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Memorandum of bank

Articles of bank

Prospectus

All 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

The purpose of credit card is.

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Sell goods

Control credit

Purchase goods

None of these

What does IOU mean

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I am a debtor to you

I am a creditor to you

Both a and b

None of these

The acceptance of bill with some conditionis called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

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

When goods are made available as security for a loan from bank.

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Hypothecation

Mortagage

None of these

Both a and b

ATM is used to withdraw money from the

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Branch of bank in which we have the account

Any branch of concerned bank

Other banks

All the above

When were the Pakistani banks nationalized:

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1974

1984

1990

1994

An unconditional order of payment by one bank to another bank.

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Bill of exchage

Promissory note

Draft

None of these

Termination of banker relatinship by the customer due to.

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Change of place

Death of customer

Poor services

All of these

Polymer Currency includes

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Debit card

ATM card

Credit card

All of these

Long term loan period is consisted of:

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Days

Months

Years

All of the above

The higer the cash reserve ratio.

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Credit creation zero

Credit creation constant

Higher the credit creation

Lower the credit creation

Which of the following gets facility due to commercial letter of credit:

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Home traders

Exporter

Importer

Both exporter and importer

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