Question # 1

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

Which is demanded by a bank at the time of opening new account

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Birth certificate

Source of income

Educational qualification

All of the above

The purpose of using credit card is.

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Purchase goods and services

Deposit cheque

Withdraw money

Deposit cash

Draft drawn and pid in two different parties int he same country is called.

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Foreign draft

Demand draft

Local draft

None of these

Official empowered by theGovt. attest the negotiable instruments by his seal.

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Gazette officer

Notary public

Public attorney

None ofthese

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

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Secured loans

Unsecured loans

Demand loans

None of these

If the bank refuses to pay the amount of cheque.

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Discounting

Crossing

Dishonoring

None of these

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

The person who is committed to manager the property of other.

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Trustee

Bailee

Morggagee

None of these

When goods are made available as security for a loan from bank.

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Hypothecation

Mortagage

None of these

Both a and b

The instruments which are used in foreign receipts and payments called.

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Letter of credit

Foreign debts

Foreign exchange

None of these

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

What is the major reason of Pakistan's unorganized money market

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Lack of cooperation among financial institutions

Absence of democracy

Issuance of loan on political basis

All the above

If drawing of a cheque signs o its back for transferring the rights to another person is called

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Material change

Endorsement

Crossing

Acceptance

Bank of England and Royal Bank of Scotaland are an examples of.

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Statutory Bank

Development bank

Royal Bank

Non eof these

The change in the address of abnk should be intimated to registar within:

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Eight days

Ten days

Eighteen days

Twenty eight days

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