Question # 1

Which is the secondary function of a commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

all of these

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

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Statement

License

Certificate

All the above

The other name of credit woucher is.

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Credit note

Cash credit

pay in slip

Debit note

If the rate of interest (profit) on the bank deposits is higher then the banks keep:

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Less cash reserve

Less margin rate

More cash reserve

None of the above

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

Non-scheduled bank can

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Deal in foreign exchange

Attain the of public confidence

Open new branch without permission

All the above

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

Bank draft is a credit instrument.

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Negotiable

Non negotiable

Unreadable

None of these

Payee has no give his identification to bank for receiving the amount of:

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

I Owe You is a written instrument drawn by

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Trader

Debtor

Creditor

All the above

I.O.U. Is a credit instrument.

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Negotiable

Non Negotiable

Partial Negotiable

Conditional negotiable

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

The signature of the following is compulsory on B/E:

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Bank

Drawee

Drawer

Both (B) & (C)

Written instrument by one bank to another bank.

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Bill of exchange

Draft

Bearer cheque

None of these

Which institution is not the member of money market

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Commercial bank

Discount houses

HBFC

All the above

The customer who keep his precious articles in bank for safe custody

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Bailer

Creditor

Debtor

Morgagagers

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