Question # 1

Which of the following is an order of payment by one post office for another post office

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Postal order

Money order

Both a and b

None of these

A cheque which can be cashed by its holder

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Bearer

Order

Crossed

Plain

The banks under special ordinance are formed:

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By the president of any bank

By the president of world bank

By the president of a country

All of the above

Whihc of the following is the most elastic method for issuing notes.

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Fix fiduciary system

Minium Reserve system

Proportional Reserve system

None of these

Grace days are given to debtors for payment.

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3 days

4 days

5 days

6 days

Commercial bank is factory of creating credit.

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Crowther

Gilbert

Reynold

H.I .Heart

Bank of England was formed in:

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1594

1694

1794

1894

The money sent through post office from one country to another

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Traveller's cheque

Bank draft

Letter of credit

International money order

Bank pays money at its counter for:

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Bearer cheque

Order cheque

Both (A) & (B)

Crossed cheque

Pakistan's central bank was established in:

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1947

1948

1949

1950

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

What are the objectives of monetary policy

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Stability in price

Exchange stability

Stability in capital market

All of the above

Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.

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Section 38

Section 33

Section 37

Section 40

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All the above

State Bank of Pakistan Amendment Act is.

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1932

1997

1962

1956

Which document a joint stock company has to provide at the time of opening account with bank

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Shares

Copy of bye-laws

Audited annual report of company

Certificate of incorporation

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