Question # 1

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

Which of the following nature does IOU have.

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An authograph

A monograph

A sonograph

A holograph

The bill of exchange who's tenor is less than three month is.

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

Modern commercial Bank are teh developed form of the Busniess of.

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Gold Smith

Merchants

Money Lenders

All these

In Paksitan BEL, NIT and ICP are credit institutions.

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Unorganized

Specialized

Non specialized

All these

Bank of England and Royal Bank of Scotaland are an examples of.

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Statutory Bank

Development bank

Royal Bank

Non eof these

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

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Commission

Rent

Intrest

Carriage

What does the bank receive on issuing a letter of credit:

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Profit

Interest

Commission

Duty

Which letter of credit is automatically renewed by fulfilling certain conditions

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Fixed

Documentary

Confirmed

Revolving

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

Security is a powerful tool that ensure tthe repayment of:

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Deposit

Dept

Interest

None of the above

When bank provides finance to its customer under an agreement of Modaraba, the customer becomes

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Consumer

Zarib

Aamal

None of the above

Postal order is the example of.

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Negotible credit instrument

Cash instruent

Non negotiable credit instrument

None of these

If there is no gurantee to honour the L.C. It is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Unconfirmed L.C.

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