Question # 1

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

Negotiable credit instrument do not include.

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Bank draft

Cheque

Postal orders

Treasury bill

Temples were used as early banks in.

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Italy

Room

Greece

Iraq

Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank

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Prospectus of bank

Copy of bye-laws

Audited annual report of bank

Certificate of incorporation

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

The word credit has been derived from a latin word.

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Credo

Credere

Creditor

None of these

When customer deposits his money in a bank, he becomes

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Mortgagee

Creditor

Debtor

None of the above

The document which reveals the ownership of goods kept on port:

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Bill of lading

Dock warrant

Delivery order

Railway receipt

American express Bank is an example of.

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School Bank

Exchange Bank

Consortium Bank

None of these

Central bank bank supervises one of the following systems of a country:

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Provincial

Political

Economical and financial

None of the above

Major function of Central Bank is.

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Open account

Provide lockers

Issue currency notes

All of the above

The following bank can open its branch in foreign country

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Scheduled bank

Non-scheduled bank

Both a and b

None of the these

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

Paying bank with respect to a letter of credit is called.

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Advising bank

Informatory bank

Both these

None of these

It is the duty of the bank to.

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Honor cheque

Keep secrecy

Safe custody

All these

The temples were used as banks in:

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Italy

Rome

China

Greece

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