Question # 1

The draft having two transvers parallel lines on its face is called.

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Order bank draft

Crossed bank draft

Transvverse draft

All of these

What kinds of business does a commercial bank do

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Accepts deposits and advances loans

Issues currency notes

Re-discounts the bills of exchange

All the above

When two or more persons open an account under a single title is called.

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Joint Account

Single title account

B.B.A. Account

None of these

Where is the head office of IDBP:

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Lahore

Faisalabad

Islamabad

Karachi

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All 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

Which of the following gets facility due to commercial letter of credit:

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Home traders

Exporter

Importer

Both exporter and importer

IOU is a document

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Negotiable

Non-negotiable

Conditional negotiable

Unconditional negotiable

Stock exchange marketin Pakistan.

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LSE

KSE

ISE

All of these

The demand for and supply of foreign exchange is regulated by.

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Central bank

World bank

Commercial bank

All of these

When was ADBP established

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1957

1961

1963

1965

Another name of fixed deposit receipt is.

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Term Deposit receipt

Capital receipt

Cash Deposit receipt

Revenue receipt

In L.C. the other name of importer's bank is.

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Buyer bank

Opening bank

Issuing bank

All of these

Promissory note means a:

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Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

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

Bill of exchange is written order whihc is always.

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Unconditional

conditional

Compulsory

None ofthese

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