Question # 1

Running finance means customer has balance at bank.

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Debit Balance

Credit Balance

Favorable balance

None of these

Bank pays money at its counter for:

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Bearer cheque

Order cheque

Both (A) & (B)

Crossed cheque

What are the objectives of monetary policy

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Stability in price

Exchange stability

Stability in capital market

All of the above

Feature of postal order

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Serial no

value

Commission

All of these

Centrak Bank Act as Lender of Last Resort to.

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Scheduled Bank

Foreign Bank

Non-Sheduled bank

All the above

When was ADBP established

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1957

1961

1963

1965

The kind of commercial letter of credit includes.

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Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

A Joint Stock company opens the account in the bank.

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Saving Bank

Current Account

B.B.A. Account

Term Deposit Account

The kind of loan according to issue

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Cash credit

Discounting of bill

Mortgage loan

All of the above

Paying bank with respect to a letter of credit is called.

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Advising bank

Informatory bank

Both these

None of these

Negotiable credit instrument.

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Control credit

Stop credit

Create credit

None of these

State Bank of Pakistan Act is

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1932

1962

1984

1997

A Modarba may by for

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Specific or multi purpose

Perpetual

Specific period

All the above

The loans obtained for meeting the administrative expenses and purchase of raw material are:

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Short term loans

Medium Term lonas

Long Term lonas

All of the above

State Bank of Paksitan was established on

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1st July 1949

Ist July 1948

Ist July 1694

Ist July 1964

Negotiable credit instrument do not include.

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Bank draft

Cheque

Postal orders

Treasury bill

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