Question # 1

Maintenance of minimum balance is not required in

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Current account

Basic banking account

Saving account

None of these

Up to December 1965, Pakistan used method of note issue.

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Proportional Reserve system

Min. Reserve system

Fixed fiduciary system

All of these

Treasury bill means:

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Amount of government

Evidence of governments debt

Promise of government to pay

None of the above

A form of written agreement between the customer and his bank is.

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Cheque book

Bank Statement

A/c opening form

Pass book

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

Where is the head office of ZTBL

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Karachi

Lahore

Peshawar

Islamabad

What is the example of non scheduled bank

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Sindh provincial cooperative bank

Meezan bank

Habib bank

Allied bank

Because of low Reserve Ratio the credit creation power.

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Increases

Decreases

Constant

Zero

Long term loan period is consisted of:

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Days

Months

Years

All of the above

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

The Weapons of Monetary policy are.

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Two

Three

Four

Five

What kind of power does commercial bank possess regarding credit creation

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Unlimited power

Limited power

No power

All the above are possible

The demand for foreign exchange comes when.

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Purchases of foreign securites

Students go abroad

Goods are imported

All of these

The bills of exchange which is paid after the expiry of fixed period of time called

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Accommodation bill

Sight bill

Time bill

All of the above

Parties involved in cheque.

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Account Holder

Bank

Payee

All these

What is the purpose of using credit card

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To purchases goods and services

To win the prized from banks

To travel abroad

To invest the saving

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