Question # 1

Content of money order includes.

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Fixed amount

Non transferable

Identification

All of these

IDB provides finance to

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All countries

Asian countries

Europian countries

Member Muslim Countries

Stock certificates are issued by.

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Cental bank

Stock market

Limite Company

Partnership

The main sources of a bank funds are.

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Deposits

Bank own funds

Both a and b

None of these

What is common between bank and customer

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Account no.

Cheque no.

Serial no

Drawee

Under Islamic modes of financing, lending includes

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Service charges

Qarze-Hasna

Both a and b

None of the above

Person gets finance from bank in terms of Mudarba Act as

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Mudarib

Creditor

Aamil

None of these

Process of credit creation by

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Central bank

Commercial banks

Both of these

None of these

Money market is a market of loans for

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Short term

Medium term

Long term

All the above

Orverdraft facility is not allowed to.

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Minor

Lunatic

Parda Nasheen woman

Both b and c

Qarz-Hasna is available for the studies of

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Engineering

Agriculture

Commerce

All the above

What is meant by the principle of diversity regarding issuance of loan

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Lending only to those who can repay the debt at short notice

Lending against some material security

Lending in terms of sure repayment

Lending to different businesses or individuals

Which one of the following is not the preference of state bank of Pakistan

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Expansion in banking system

Control over the supply of money

Equal distribution of credit

To earn maximum profit

A blind person can open account with bank.

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Current account

Fixed deposit account

Saving account

All the above

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

The example of non commercial letter of credit.

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Red clause L.C.

Green clause LC.

Traveler's L.C.

Documentary L.C.

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