Question # 1

The person in who's favor a cheque is endorsed is called.

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Endorser

Debtor

Endorsee

None of these

Capital market deals in

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Common stocks

Shares

Debentures

All of these

Credit money in the country is controlled by

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Central bank

Commercial bank

Industrial bank

Agricultural bank

Which of the following is not use to E-Banking .

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ATM card

Credit card

Cheque

Debit cards

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

The market in which funds are borrowed of lent for a period of over one year.

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Money market

Capital market

Open market

None of these

The Islamic ideology council presents its formal report for Islamic banking in

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June, 1978

June, 1979

June, 1980

None of these

Why does it necessary for a customer t sign the specimen signature card

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To match with the signatures when cheque is presented for payment

To make exercise of signatures

To complete documentary requirements

To obtain new cheque book

The important types of banker's letter of credit:

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Two

Three

Four

None of these

IDB provides finance to

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All countries

Asian countries

Europian countries

Member Muslim Countries

Account payee only in the transverse parallel line.

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Bearer cheque

Special crossing

General crossing

None of these

Who does get the benefit of opening an account in bank.

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Bank

Account Holder

Government

All these

Which bank account is exempted from income tax and zakat:

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Saving account

Fixed deposit

Foreign currency account

All of the above

Which of the following is not a right of a bank.

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Charge commission

Close account without notice

Charge interest on O/D

None of these

The primary function of commercial bank are

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Accepting deposits

Advancing loans

Both a and b

None of these

When customer deposits his money in a bank, he becomes

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Mortgagee

Creditor

Debtor

None of the above

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