Question # 1

The principle of not issue is

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Currency principle

Discount rate principle

Bank rate principle

All the above

Which type of a bill can be discounted form bank.

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Sight bill

Time bill

Dishonored bill

Unaccepted bill

Commercial bank is called:

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Banker's bank

Bank of public

Custodian of foreign exchange

Banker to the Government

Scheduled Banks can keep his totl assets outsinde the country.

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80%

60%

40%

20%

Which of the following institution was converted into IDBP:

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Pakistan industrial finance corporation

Pakistan investment corporation

Industrial bank

Pakistan industrial and credit investment corporation

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

The person who accept the of billof excange on behalf of drawee is called.

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Debtor

Payee

Drawee

Acceptor

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

Part of cash of scheduled banks kept by centrla bank as per law is called.

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Specific reserves

Satutory reserves

Gneral Reserves

All the above

Head of any government institution can open account with a bank in the capacity of

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Consumer

Principal

Employee

None of the above

ATM is used to withdraw money from the

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Branch of bank in which we have the account

Any branch of concerned bank

Other banks

All the above

Most of the experts agreed that the word "Bank" has been derived from the word.

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Banque

Banco

Bancus

Back

the precautions while advancing loan by bank are.

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Safety of loan

Durable security

Liquidity

All the above

The loan against which no security is kept by bank are.

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Secured loans

Unsecured loans

Demand loans

None of these

What is common between bank and customer.

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Account No.

Sereial No

Drawee

Cheque No

The person who endorse the bill of exchange in called.

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Endorser

Trustee

Enddorser

Drawee

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