Question # 1

In Pakistan, the interest free modes of financing have been divided into

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Two groups

Three groups

Four groups

None of these

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

Following is an example of Non-Operating Account.

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Current Account

Fixed Deposit Account

Foreign Currency A/c

Saving Account

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

The departments of State Bank of Pakistan includes.

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Note issuing deptt

Bankng deptt

Foreign exchange deptt

All the above

Saving account can be opened by:

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An individual

A group of persons

The institutions

All of the above

Which principle is followed by central bank to issue currency notes

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Currency principle

Banking principle

Both principle

None of the above

Heart of Financial Structure.

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Commercial bank

Central bank

Consortium Banks

All these

These thories of foreign exchange rate include.

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Mint par parity theory

Ppurchasing power theory.

Botha a and b

All of these

Non geogibale credit instruemnt are.

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Letter of credit

I.O.U

Money order

All of these

Parties involved in a cheque.

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A/c holder

Bank

Payee

All of these

Qarz-Hasna is available for the studies of

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Engineering

Agriculture

Commerce

All the above

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

the loans which cna be demanded back by bank at any time are called.

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Short term loans

Overdrats

Demand loans

Running Finance

What is common between bank and customer.

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Account No.

Sereial No

Drawee

Cheque No

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