Question # 1

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

Official empowered by theGovt. attest the negotiable instruments by his seal.

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Gazette officer

Notary public

Public attorney

None ofthese

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

Purchasing power theory of foreign exchange was given by.

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Hartly

Gustav Cassel

D .Cock

None of these

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

Cheque is a written order of customer to:

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keep the amount

Transfer the amount

Pay the amount

Recieve the amount

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

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

None of these

Institutions of money market in Pakistan.

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Central Bank

Commercial Bank

Specialized institutions

All of these

How many minimum promoters are required to sign on an application for the registration of commercial bank

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Two

Five

Seven

Ten

The type of Foreign or international trade are.

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^Import

Export

Interport

All these

Scheduled Banks can keep his totl assets outsinde the country.

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80%

60%

40%

20%

Which one is the primary function of a bank

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Accepting deposits

Advancing loans

Both these

None of these

The method which is mostly use in making foreign payments are.

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Telegraphic transfer

Foreign bill of exchange

By post

All of these

Electronic banking transaction Ordinance is.

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1974

2002

1984

1962

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