Question # 1

Which of the following is useful in facilitating trade relation between the businessmen of different countries

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Bank draft

Money order

Letter of credit

Stock certificate

Who can issue participation term certificates.

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Firm

Company

Cooperative society

All of these

Relation between banker and customer terminates, when a :

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Customer becomes mad or lunatic

Customer becomes insane or mental

Customer dies

All od the above

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.

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Sec. 14

Sec . 13

Sec. 16

Sec. 17

Stock certificates are issued by.

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Cental bank

Stock market

Limite Company

Partnership

What is meant by hypothecation

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To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt

To hand over the documents of property by a customer until the repayment of debt

A type of security in which neither the ownership nor the possession passes to the bank

A receipt of loan which shows that money has been borrowed against an immovable property as a security

Credit cards payment are considered.

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Credit payment

Cash Payment

Both a and b

None of these

Parties involved in cheque.

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Account Holder

Bank

Payee

All these

The examples of short term monetary assets includes.

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Bills of exchange

Promissory note

Treasurey bill

All of these

Written evidence of depositing money into bank.

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Cheque book

Pay in Slip

Pas Book

None of these

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

The method which is mostly use in making foreign payments are.

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Telegraphic transfer

Foreign bill of exchange

By post

All of these

Credit Card, ATM card and Debit Card are.

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Metallic money

Paper Money

Plastic Money

Bank Money

For commercial banks deposits are.

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Assets

Liabilities

Income

Expense

The main objectives of foreign exchange control are.

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Stablilize exchange rate

Increase Govt.Revenue

Protect domestic industires

All of these

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