Question # 1

Inland sight bill of exchange is usually used in.

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Domestic trade

Inter port trade

Foreign trade

None of these

Saving account can be opened by:

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An individual

A group of persons

The institutions

All of the above

The person who will receive the amount of bill of exchange is.

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Debtor

Payee

Drawee

Acceptor

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

Central bank bank supervises one of the following systems of a country:

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Provincial

Political

Economical and financial

None of the above

Example of consortium Bank.

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SBP

Orion Bank

MCB

NBP

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

In L.C. the other name of importer's bank is.

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Buyer bank

Opening bank

Issuing bank

All of these

According to registration , bank is divided into followings categories:

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Home and foreign bank

Central and commercial bank

Scheduled and non-scheduled bank

All of the above

Central bank is owned by

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Public

Government

Commercial baks

All of the above

Decrease in the value of home currency as compare to foreign currency.

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Inflation

Devalution

Deflation

All these

The types of local or home trade are.

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Regail trade

Wholescale trade

Interport

Both a and b

Whose role is consitered important in the beginning of cheque:

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Three

Merchants

Goldsmiths

Money lenders

Payee has no give his identification to bank for receiving the amount of:

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

Documents required to conert non scheduled bank into scheduled bank.

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Memorandum of Association

Articles of Association

Audited Annual Report

All the above

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

None of these

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