Question # 1

The document which reveals the ownership of goods kept on port:

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Bill of lading

Dock warrant

Delivery order

Railway receipt

A form of written agreement between bank and customer is

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Cheque book

Pass book

Application form for opening account

None of the above

Which of the following takes responsibility to manage the property of another

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Trustee

Bailee

Mortgagee

All the above

The main sources of bank's fund are

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Own capital

Deposits

Loan from other banks

All the above

If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:

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Resolving

Back to Back

Transferable

None of the above

Second stage of formation of bank is called.

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Incorporation

Commencement

Issue of shares

Promotion

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

In Islamic banking overdraft means.

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Debit balance

Running finance

Favorable balnce

Nil Balance

If the demand of any country's currency increases then rate of exchange becomes

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Favorable

Unfavorable

Both a and b

None of these

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

The loans which can be demanded back by bank at any time are.

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Short term loans

Medium Tem loans

Long term loans

Demand loans

Cheque book is not use in.

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Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

Cheque consists of future date is called.

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Out date

Post dated

Anti dated

None of these

Drawee of bank draft is.

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Creditor

Debtor

Issuing bank

Paying bank

When was the National Bank Of Pkaistan established:

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1948

1949

1950

1951

In Pakistan before 1974 commercial Banks were formed under.

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Co's act 1932

Co's Act 1913

Co's Act 1984

None of these

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