Question # 1

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

The part of deposits kept with the central bank is called:

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Cash reserve

Margin

Interest rate

All of the above

Crossing makes the cheque:

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Unsafe

Unacceptable

Safe

Acceptable

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

Running finance means customer has balance at bank.

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Debit Balance

Credit Balance

Favorable balance

None of these

Which Fiqah does allow the deduction of Zakat in the application form of account opening

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Hindu

Shia

Sunni

None of the above

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

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Statement in lieu of prospectus

Certificate of incorpoartion

Certificate of commencement

None of the above

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

Orverdraft facility is not allowed to.

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Minor

Lunatic

Parda Nasheen woman

Both b and c

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

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

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

Pakistan has used methods of note issue.

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Proportional reserve system

Min. Reserve system

Both a and b

Fixed fiduciary system

The type of Foreign or international trade are.

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^Import

Export

Interport

All these

Which of the following is a non-commercial letter of credit

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Irrevocable letter of credit

Red-clause letter of credit

Special letter of credit

Traveller's letter of credit

Purchasing power theory of foreign exchange was presented in.

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1920

1962

1694

1881

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