Question # 1

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

The amount of money in the amount of account holder is called:

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Profit

Interest

Deposit

Loan

Money market is a market of loans for

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Short term

Medium term

Long term

All the above

The signature of the following is compulsory on B/E:

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Bank

Drawee

Drawer

Both (B) & (C)

Who can issue participation term certificates

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Firm

Company

Cooperative society

All the above

bank is the developed form of

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The business of moneylenders

The business of merchants

The business of goldsmiths

None of the above

A commercial bank keeps less cash reserve if:

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Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

Which amount is available for salaried and low income persons:

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Current account

Saving account

Fixed deposit

All of the above

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

when customer deposit his money in bank he become.

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Debtor

Bailer

Mortageger

Creditor

Credit cards payment are considered.

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Credit payment

Cash Payment

Both a and b

None of these

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

the card which can be used to pay for goods purchased.

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ID card

Credit card

Chrage card

Gurantee card

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

In case of non-negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Bank is bound to honour the cheque of customer if:

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Required amount is available in amount

Cheque is according to rules of conduct

There is no restriction by government

All of the above

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