Question # 1

The rate of exchange determined by two countries following non-convertible paper currency system is a point where

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The purchasing power of currency is same

The purchasing power of currency is different

The purchasing power of currency is zero

None of the above

Services provided by on line banking

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Depositing the money into the account

Withdrawal the money from bank

Transfer of money

All the above

Bills of exchange is a negotiable instrument which contains

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A written order

Conditional written order

Unconditional written order

None of the above

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

A good security is one which is.

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Perishable

Marketable

Disputed

All the above

The merits of credit card.

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Easy payment

Proof of payment

Loan Facility

All of these

Cheque is a written order drawn on

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Endorsee

Bank

Customer

All of the above

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None 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

Which of the following rate keeps the balance of payments in equilibrium

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Discount rate

Interest rate

Exchange rate

Market rate

PTC are issued in place of

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Shares

Debentures

Bonds

None of these

Which letter of credit is issued for a single or particular transaction:

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Fixed

Revocable

Red clause

Green Clause

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

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Commission

Rent

Intrest

Carriage

E-Banking provides benefits to the following

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Accountholder

Banker

Economy

All the above

The change in demand and supply of foreign currency effects

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Exchange rate

Traveller's L.C

Letter of credit

None of these

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