Question # 1

Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue

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5%

10%

30%

100%

When was ADBP established

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1957

1961

1963

1965

Two transverse parallel lines on the face of cheque.

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Crossingof cheque

Dishnoring of cheque

Endorsed of cheque

Retirementof cheque

When was PICIC established

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1950

1951

1957

1961

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

Which of the following is meant for presenting a summary and balance of accounts of bank customers

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Bank statement

Balance sheet

Pass book

Prospectus

The statement of Pakistan was inaugurated by:

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Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

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

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Importer

Exporter

Opening bank

Advising bank

Running finance means customer has balance at bank.

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Debit Balance

Credit Balance

Favorable balance

None of these

The letter of credit which can be endorsed to another person is called:

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Special L.C

Transferable L.C

Resolving L.C

None of the above

Which of the following is useful in facilitating trade relation between the businessmen of different countries

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Bank draft

Money order

Letter of credit

Stock certificate

Which of the followig is not an example of Plastic money.

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Debit card

ATM card

Credit card

Currency notes

Joint-stock company can open the following account in bank

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Fixed

Current

Saving

All the above

The external value of local currency is stablized through:

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Monetary policy

Increase in prices

Trade policy

All of the above

The money market deals in.

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promissory note

Bill of exchange

Treasury billss

All of these

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