Question # 1

Which of the following industry is financed by PICIC

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Depends upon local raw material

Manufactures export goods

Establishes under national development program

All the above

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

Security is a powerful tool that ensure tthe repayment of:

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Deposit

Dept

Interest

None of the above

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

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 leader of capital market in Pakistan.

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Centrla bank

Government

Commercial Banks

None of these

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

Drawer and payee of inland promissory note belong to

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Same country

Different countries

Different cities

None of the above

The demand for foreign exchange comes when.

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Purchases of foreign securites

Students go abroad

Goods are imported

All of these

Which one can be crossed :

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Money order

Postal order

Credit card

All of the above

What are the objectives of monetary policy

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Stability in price

Exchange stability

Stability in capital market

All of the above

Which of the following is a valid method of receiving payment from debtors.

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Debit card

Credit card

ATM card

Cash

The amount of money in the amount of account holder is called:

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Profit

Interest

Deposit

Loan

The Governor of SBP is oppointed for.

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Five years

Four years

Three years

Two years

Bank draft is a credit instrument.

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Negotiable

Non negotiable

Unreadable

None of these

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