Question # 1

The letter of credit which can be endorsed to another person is called:

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Special L.C

Transferable L.C

Resolving L.C

None of the above

The facilities provide d by ATM machine includes

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Mini Statement

Transfer funds

Balace inquiry

All of these

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

None of these

The person who opens a bank account is called:

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Owner of bank

Customer of bank

Employee of bank

None of them

Normally bank does not pay intrest on

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Saving Account

Fixed Deposit Account

Current Account

B.B.A. Account

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

Temples were used as early banks in.

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Italy

Room

Greece

Iraq

It is the duty of a customer to.

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Follow banking hours

Safety of cheque book

Care ful filling of cheque

All these

The type of Foreign or international trade are.

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^Import

Export

Interport

All these

Term "or oreder" is written in order cheque after:

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Drawer's name

Payee's name

Customer's name

Endorsee's name

The number of financial institutions in money is

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Limited

Fixed

Unlimited

All are possible

Bank draft is always in the form of.

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Hand written

Printed

Stamp paper

None of these

The other name of credit woucher is.

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Credit note

Cash credit

pay in slip

Debit note

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

How many advantages of e banking

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3

4

5

6

Up to December 1965, Pakistan used method of note issue.

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Proportional Reserve system

Min. Reserve system

Fixed fiduciary system

All of these

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