Question # 1

What is the major reason of Pakistan's unorganized money market

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Lack of cooperation among financial institutions

Absence of democracy

Issuance of loan on political basis

All the above

Generally, the instruments which are used in foreign receipts and payments called

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Exchange rate

Foreign exchange

Letter of credit

All of the above

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

In Islamic banking overdraft means.

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Debit balance

Running finance

Favorable balnce

Nil Balance

Money market deals in

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Promissory note

Bills of exchange

Marketable securities

All the above

Scheduled bank is registered under state bank of Pakistan Act

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1965

1956

1950

None of the above

What is meant by hypothecation

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To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt

To hand over the documents of property by a customer until the repayment of debt

A type of security in which neither the ownership nor the possession passes to the bank

A receipt of loan which shows that money has been borrowed against an immovable property as a security

IDB was opened on

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Oct. 1973

Oct. 1975

Oct. 1977

None of these

"EFT" stands for

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Electronic Funds transfer

Economic financial theory

Electronic financial techniques

Effecitve fund telegram

Begining of Bank draft by.

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Kings

Money Lenders

Merchants

Gold smith

The types of credit instrument are.

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Four

Two

three

None of these

Drawer and drawee belongs to same country.

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Domestic bill

Foregin bill

Trade bill

Accommodation bill

the precautions while advancing loan by bank are.

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Safety of loan

Durable security

Liquidity

All the above

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

At Present the Governor of State Bank of Pakistan is.

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Dr. Ishrat Hussain

Saleem Raza

Shahid Hafiz Kardar

Shahid Mahmood Wathra

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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