Question # 1

The leader of money and capital market in Pakistan.

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Government

Cental Bank

Commercial Banks

None of these

Pakistan has used methods of note issue.

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Proportional reserve system

Min. Reserve system

Both a and b

Fixed fiduciary system

Who can issue participation term certificates

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Firm

Company

Cooperative society

All the above

The main characteristics of bank draft.

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Written

On demand

Certain payment

All of these

In these days Banks are formed under companies ordinance.

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1962

1932

1984

1013

Which account is considered a nn transferable account.

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Saving Account

Current Account

B.B.A. Account

Term Deposit Account

In Paksitan BEL, NIT and ICP are credit institutions.

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Unorganized

Specialized

Non specialized

All these

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

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Statement in lieu of prospectus

Certificate of incorpoartion

Certificate of commencement

None of the above

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

The leader of money market in Pakistan.

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Central Bank

Government

Commercial Banks

None of these

What is meant by hypothecation

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To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt

To hand over the documents of property by a customer until the repayment of debt

A type of security in which neither the ownership nor the possession passes to the bank

A receipt of loan which shows that money has been borrowed against an immovable property as a security

The bill of exchange who's tenor is more than three month is.

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Sight bill of exchange

Foreign bill exchnage

Long bill exchange

Short billof exchange

When was ADBP established

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1957

1961

1963

1965

Which of the following institution was converted into IDBP:

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Pakistan industrial finance corporation

Pakistan investment corporation

Industrial bank

Pakistan industrial and credit investment corporation

The primary function of commercial bank are

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Accepting deposits

Advancing loans

Both a and b

None of these

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

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