Question # 1

Which letter of credit is accompanied by some documents

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Confirmed

Documentary

Non-documentary

All the above

The Islamic ideology council presents its formal report for Islamic banking in

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June, 1978

June, 1979

June, 1980

None of these

Sate Bank of Pakistan advises the federal and provincial governments on following matter

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Administrative

Financial

Political

All the above

How many benefits of bankers

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4

5

6

7

IOU is a document

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Negotiable

Non-negotiable

Conditional negotiable

Unconditional negotiable

The person who is committed to manager the property of other.

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Trustee

Bailee

Morggagee

None of these

Which of the following parties of a letter of credit is called beneficiary

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Importer

Exporter

Opening bank

Advising bank

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

Long term is advanced against the following security:

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Non-material

Material

Personal

All of the above

What is necessary to withdraw money through ATM.

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ATM card

PIN number

ATM terminal

All of these

The more increase in exchange rate for a country under gold standard is called

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Lower specie point

Middle specie point

Upper specie point

None of the above

Difference between hypothecation and pledge is.

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Possession of goods

Ownership

Possession of documents

None of these

The main objectives of foreign exchange control are.

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Stablilize exchange rate

Increase Govt.Revenue

Protect domestic industires

All of these

Which of the following is not an objective of central bank.

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Economic development

Helping Govt

Walfare of economy

Credit creation

How many benefits of customers

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5

6

7

8

The nature of relation between bank and customers is:

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Deptor and creditor

Agent and principal

Bailer and bailee

All of the above

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