Question # 1

The document acquire to convert non -scheduled into scheduled bank

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Prospectus

Debentures

By laws copy

Audited Annual Report

Which of the following institution was working before the establishment of ADBP

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Agricultural development finance corporation

Agricultural development bank

Both a and b

None of the above

Certain Percentage of Gold to issue currency notes.

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Fixed Fiduciary method

Proportionate Reserve

Min. Reserve system

None of these

Bills of exchange is

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An order to pay

A request to pay

A promise to pay

All of the above

Which instrument is not dealt at stock exchange

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Shares

Debentures

Both a and b

Bills of exchange

when customer deposit his money in bank he become.

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Debtor

Bailer

Mortageger

Creditor

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

Generally, the instruments which are used in foreign receipts and payments called

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Exchange rate

Foreign exchange

Letter of credit

All of the above

Running Finance is also known as.

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Saving Account

Current Account

Overdraft

Fixed Account

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

The main characteristics of bank draft.

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Written

On demand

Certain payment

All of these

For its customers a commercial bank sells and buys:

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Foreign exchange

Property

Securities

All of the above

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

The price of one country's currency in term other country's currency is called

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Foreign currency

Traveller's L.C.

Exchange rate

None of these

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