Question # 1

Central bank is owned by

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Public

Government

Commercial baks

All of the above

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

A commercial bank keeps less cash reserve if:

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Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

The departments of State Bank of Pakistan includes.

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Note issuing deptt

Bankng deptt

Foreign exchange deptt

All the above

Who is the leader or supervisor of money market

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Government

Central bank

Commercial bank

Money lender

Paying bank with respect to a letter of credit is called.

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Advising bank

Informatory bank

Both these

None of these

The change in demand and supply of foreign currency effects

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Exchange rate

Traveller's L.C

Letter of credit

None of these

In moderan Banking introductory reference is not required in.

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Current account

Saving Account

B.B.A. Account

All these

Collateral parties in bill of exchange are.

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Acceptor

Endorser

Endorsee

All these

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

Which term is used in connection with monetary policy

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Bank rate

Exchange rate

Wage rate

Market rate

Written evidence of depositing money into bank.

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Cheque book

Pay in Slip

Pas Book

None of these

The main purpose of commercial bank is.

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Walfare

Issue notes

Earn Profits

All these

Which account is called non operating account.

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Current account

Saving account

Fixed account

BBA account

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

The Kiind of non commercial letter of credit includes.

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Traveler L.C.

Circular note

Credit card

All of these

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