Question # 1

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

The person who endorse the bill of exchange in called.

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Endorser

Trustee

Enddorser

Drawee

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

Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue

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5%

10%

30%

100%

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

The external value of local currency is stablized through:

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Monetary policy

Increase in prices

Trade policy

All of the above

The demand for foreign exchange comes when.

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Purchases of foreign securites

Students go abroad

Goods are imported

All of these

Which of the following is not use to E-Banking .

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ATM card

Credit card

Cheque

Debit cards

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

Evolutionary history of early banks includes.

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Merechnats

Money Lenders

Gold smiths

All these

Which of the following nature does IOU have.

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An authograph

A monograph

A sonograph

A holograph

Which of the following is a non commercial L.C.

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Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

Parties involved in postal order

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Two

Three

Four

Five

When customer deposits his money in a bank, he becomes

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Mortgagee

Creditor

Debtor

None of the above

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

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