Question # 1

Which of the following institution was working before the establishment of ADBP

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Agricultural development finance corporation

Agricultural development bank

Both a and b

None of the above

Over draft facility is provided only on.

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Saving Account

Fixed Deposit Account

Current Account

All 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

The person who draws the bill is called.

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Debtor

Drawee

Drawer

Acceptor

If an old joint stock company opens the account then a bank demands for last few years:

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Balance sheet

Annual report

Both (a) & (b)

None of the above

Which method or methods are prevailing in Pakistan for issuing notes

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Fixed Fiduciary System

Proportional Reserve System

Both a and b

None of the these

Which type of a bill can be discounted form bank.

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Sight bill

Time bill

Dishonored bill

Unaccepted bill

Loan Create

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Monopoly

Inflation

Deposits

All the above

Parties involved in I.O.U

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Three

Four

Two

Five

If a credit card is lost, what should the holder do.

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Report to employer

Report to bank

Report to insurance co.

All the above

If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:

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Resolving

Back to Back

Transferable

None of the above

What is the nature of credit instrument IOU

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An autograph

A monograph

A holograph

A sonograph

Non -Scheduled bank menas a bank which is not registred with.

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Stock Exchange

World Bank

Central Bank

Scheduled bank

Running finance means customer has balance at bank.

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Debit Balance

Credit Balance

Favorable balance

None of these

For Transactions the merchants used to issue.

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Passport

Promissory note

Ideintty card

Bil lof exchange

What is recieved by the post office on money order:

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Profit

Interest

Commision

All of the above

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