Question # 1

The temples were used as banks in:

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Italy

Rome

China

Greece

Safest cheque for making payment is:

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Crossed cheque

Order cheque

Bearer cheque

All of the above

An account holder does not need to write a cheque to withdraw money from following account

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Saving account

Fixed deposit account

Current account

None of the above

Illiterate person provies on cheque for his indentification.

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Photograph

Birth Certificate

Thum Impression

All these

Capital market does not deal in

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Shares

Treasury bills

Debentures

Bonds

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

The person who will receive the amount of bill of exchange is.

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Debtor

Payee

Drawee

Acceptor

Documents of title to goods includes.

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Dock warrant

Bill of lading

Delivery order

All the above

Bank draft is a credit instrument.

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Negotiable

Non negotiable

Unreadable

None of these

The document by which the people are invited to buy the shares of bank is called

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus of bank

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

In Islamic banking overdraft means.

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Debit balance

Running finance

Favorable balnce

Nil Balance

On which of the following amount of overcraft, bank receives interest:

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Fix

Total

Used

All of the above

Non-scheduled bank can

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Deal in foreign exchange

Attain the of public confidence

Open new branch without permission

All the above

When was PICIC established

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1950

1951

1957

1961

It is necessary for scheduled bank to.

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Obey SBP

Submit report to SBP

Get the Book checked

All the above

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