Question # 1

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

The temples were used as banks in:

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Italy

Rome

China

Greece

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

Bill in which drawer belonging to two different countries:

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Inland bill

Foreign bill

Accommodation bill

None of the above

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

Second stage of formation of bank is called.

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Incorporation

Commencement

Issue of shares

Promotion

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

Teh section of Banking company ordinance of Paksitan 1962 the minimum Capital Requireemnt of Scheduled Banks in or outside Pakistan is.

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Sec. 14

Sec . 13

Sec. 16

Sec. 17

What is the objective of foreign exchange control

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To stabilize exchange rate

To increase government revenue

Favorable balance of payment

All the above

The loan which is granted by by bank to account holder on temporary basis called

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Cash credit

Overdraft

Demand loan

None of the above

A represntative handed over cheques to other banks are called.

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Outwaard clearing

Direct cheaning

Inward Clearing

Indirect Clearing

The purpose of using credit card is.

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Purchase goods and services

Deposit cheque

Withdraw money

Deposit cash

Up to December 1965, Pakistan used method of note issue.

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Proportional Reserve system

Min. Reserve system

Fixed fiduciary system

All of these

The method which is mostly use in making foreign payments are.

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Telegraphic transfer

Foreign bill of exchange

By post

All of these

The first central bank of indo-Pak

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Bank of Calcutta

Imperial bank

Reserve bank of India

None of the above

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