Question # 1

Scheduled bank is registered under state bank of Pakistan Act

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1965

1956

1950

None of the above

At Present the Governor of State Bank of Pakistan is.

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Dr. Ishrat Hussain

Saleem Raza

Shahid Hafiz Kardar

Shahid Mahmood Wathra

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

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

Money market is market of loans for.

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Long term

Short term

Medium term

None of these

Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.

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Section 38

Section 33

Section 37

Section 40

If the demand of any country's currency increases then rate of exchange becomes

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Favorable

Unfavorable

Both a and b

None of these

Which is the secondary function of a commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

all of these

The demand for foreign exchange comes when.

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Purchases of foreign securites

Students go abroad

Goods are imported

All of these

When two or more persons open an account under a single title is called.

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Joint Account

Single title account

B.B.A. Account

None of these

How many merits of debit card

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5

6

7

8

When cheque is cashed then its main foil is given to:

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Bank

Customer

Government

None of these

How many functions of money market

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10

12

11

15

If a bank is unable to submit prospectus at the time of registration, then it has to submit:

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Statement in lieu of prospectus

Certificate of incorpoartion

Certificate of commencement

None of the above

If credit money is controlled by the sale and purchase of government securities, it is called

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Direct action

Moral persuation

Change in reserve ration

Open market operation

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

Bank is bound to honour the cheque of customer if:

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Required amount is available in amount

Cheque is according to rules of conduct

There is no restriction by government

All of the above

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

Purchasing power theory of foreign exchange was given by.

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Hartly

Gustav Cassel

D .Cock

None of these

The person who draws the bill is called.

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Debtor

Drawee

Drawer

Acceptor

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

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Bill of lading

Dock warrant

Delivery order

Railway receipt

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