Question # 1

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

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Gazette officer

Notary public

Public attorney

None ofthese

Upper specie point is got by adding the delivery charges in following metal

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Silver

Gold

Iron

Copper

State Bank of Pakistan Act is.

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1956

1932

1962

1984

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Qarz-Hasna is available for the studies of

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Engineering

Agriculture

Commerce

All the above

The person who opens a bank account is called:

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Owner of bank

Customer of bank

Employee of bank

None of them

Promissory note drawn by two or more persons is called

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Individual promissory note

Joint promissory note

Foreign promissory note

All of the above

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

A mechanism by which international indebtedness is settle dbetween one country and another.

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Indebtedness

Foreign Debts

Foreign exchange

All these

Bills of exchange has three:

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Owners

Parties

Shareholders

None of the above

The types of local or home trade are.

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Regail trade

Wholescale trade

Interport

Both a and b

Institutions of money market in Pakistan.

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Central Bank

Commercial Bank

Specialized institutions

All of these

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

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 kind of commercial letter of credit includes.

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Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

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