Question # 1

The word Bank has been derived from the German word

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Back

Bancus

Banco

None of the above

The document acquire to convert non -scheduled into scheduled bank

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Prospectus

Debentures

By laws copy

Audited Annual Report

Which of the following cannot open account in a bank

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Pargah-nasheen women

Minor or infant

Lunatic or mental patient

Non-trading concern

The automatic delivery of banking products and services to customers through interactive electronic communication is called

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E banking

Electronic banking

Both a and b

None of these

Which of the following is a limitation in credit creation.

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Initial deposit

Use of cheques

Use currency

all of these

Decreas in cash reserve ratio of scheduled Banks.

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No effect

Decrease in credit creation

Increase in credit creation

Stope credit creation

Scheduled bank is registered under state bank of Pakistan Act

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1965

1956

1950

None of the above

The amount in fixed deposit can be

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Deposited many times

Deposited only once

Withdrawn many times

None of the above

Illiterate person provides to bank for his identification

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Birth certificate

Impression of thumb

Photograph

All the above

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

Choose the correct institutions in money market in Pakistan

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State bank of Pakistan

Specialized credit institutions

Commercial banks

All of the above

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

The bank of charges interest on.

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Deposits

Overdraft

Running finace

Both b and c

Person who recieves the amount of cheque from bank is called:

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Drawee

Payee

Endorsee

All of the above

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

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

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