Question # 1

Generally, the instruments which are used in foreign receipts and payments called

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Exchange rate

Foreign exchange

Letter of credit

All 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

On every cheque bank gets

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Profit

Commission

Tax

Duty

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

Written instrument by one bank to another bank.

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Bill of exchange

Draft

Bearer cheque

None of these

Which bank account is exempted from income tax and zakat:

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Saving account

Fixed deposit

Foreign currency account

All of the above

A cheque which cannot be cashed at bank's counter

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Bearer

Order

Crossed

None of the above

What is the nature of credit instrument IOU

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An autograph

A monograph

A holograph

A sonograph

In these days Banks are formed under companies ordinance.

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1962

1932

1984

1013

Which of the following is a non commercial L.C.

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Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

Which term is used in connection with monetary policy

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Bank rate

Exchange rate

Wage rate

Market rate

Transfer of money from one palce to another place with the help of post office.

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Cheque

Draft

Money order

None of these

When did the National Bank start its functions as the agent of SBP:

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1949

1950

1951

1952

Person gets finance from bank in terms of Mudarba Act as

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Mudarib

Creditor

Aamil

None of these

How many merits of scheduled bank

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12

13

14

15

The bill of exchange who's tenor is less than three month is.

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

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