Question # 1

Which method of note issue is prevailing in Pakistan after 1965

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Min. Reserve System

Proportional system

Fixed Fiduciary system

None of the above

The banks under special ordinance are formed:

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By the president of any bank

By the president of world bank

By the president of a country

All of the above

Popular types of loan issued by the bank according to term are

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Two

Three

Four

Five

Which letter of credit is issued for a single or particular transaction:

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Fixed

Revocable

Red clause

Green Clause

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

Who did print the cheque in specific form for the first time or firstly:

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Imperial Bank

Bank of England

State Bank of Pakistan

None of the above

What is the example of non scheduled bank

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Sindh provincial cooperative bank

Meezan bank

Habib bank

Allied bank

Saving account can be opened by:

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An individual

A group of persons

The institutions

All of the above

Which of the following is used to finance the people who want to travel abroad

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Traveller's letter of credit

Traveller's cheque

Circular note

All the above

The purpose of credit card is.

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Sell goods

Control credit

Purchase goods

None of these

What is the status of an account if opened by a government institution

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A non-trading concern

An individual

A joint-stock company

A joint customer

Parties involved in I.O.U

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Three

Four

Two

Five

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

PTC are issued in place of

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Shares

Debentures

Bonds

None of these

The document which reveals the ownership of goods kept on port:

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Bill of lading

Dock warrant

Delivery order

Railway receipt

Bank should advance loans to those people who are strong

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Financially

Domestically

Politically

All the above

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