Question # 1

Qarz-Hasna is available for the studies of

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Engineering

Agriculture

Commerce

All the above

Commercial bank is factory of creating credit.

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Crowther

Gilbert

Reynold

H.I .Heart

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None 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

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

The loans which are issued for the period of one to five year called

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Demand loans

Short term loans

Medium term loans

Long term loans

Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods

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Documentary letter of credit

Green-clause letter of credit

Confirmed letter of credit

Red-clause letter of credit

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

Any Co.which transact the business of banking in Pakistan.

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Chartered co.

Joint stock co.

Banking co.

All of these

Memorandum includes

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05 Clasuses

06 Clauses

10 Clauses

12 Clauses

The bank can cover the loan by selling out the.

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Capital

Credit card

Security

None of these

A Joint Stock company opens the account in the bank.

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Saving Bank

Current Account

B.B.A. Account

Term Deposit Account

Credit cards payment are considered.

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Credit payment

Cash Payment

Both a and b

None of these

Scheduled bank is registered under state bank of Pakistan Act

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1965

1956

1950

None of the above

Bank draft is always in the form of.

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Hand written

Printed

Stamp paper

None of these

Cheque signed by drawer without filling is called

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Plain

Blank

Open

Traveller's cheque

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