Question # 1

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

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

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All the above

Which method is used for the formation of bank

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Royal order

Special ordinance

Company's ordinance

All of the above

Negotiable instruments are defined by Act.

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1881

1857

1694

1935

Specialized credit institutions includes.

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BEL

NIT

ICP

All of these

First woman Governor of State Bank of Pakistan was.

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Dr. Ishrat Hussain

Kassim Parekh

S.U. Durani

Dr. shamshad Akhtar

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

The transmission of following is stopped due to clearing house:

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Credit money

Metallic money

Cash money

All of the above

Loan Create

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Monopoly

Inflation

Deposits

All the above

The draft having two transvers parallel lines on its face is called.

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Order bank draft

Crossed bank draft

Transvverse draft

All of these

The bank of charges interest on.

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Deposits

Overdraft

Running finace

Both b and c

No minimum balance limit requried in.

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Current Account

Saving Account

Foreign Account

B.B.A Account

The first Pakitan Note es were issued in the denomination of.

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Rs. 5

Rs. 10

Rs.100

All of these

Teh value of security should be more than.

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Market value

Cost value

Amount of loan

None of these

These thories of foreign exchange rate include.

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Mint par parity theory

Ppurchasing power theory.

Botha a and b

All of these

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