Question # 1

E-Banking provides benefits to the following

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Accountholder

Banker

Economy

All the above

Which of the followig is not an example of Plastic money.

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Debit card

ATM card

Credit card

Currency notes

The Central Bank sells Govt. Securities in.

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Summer

Deflation

Winter

Inflation

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

What is the objective of clearing house

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To control credit money

To clear the transactions of different banks

Training of banking staff

Re-discounting of bills

Which Fiqah does allow the deduction of Zakat in the application form of account opening

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Hindu

Shia

Sunni

None of the above

For commercial baks deposits are.

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Assets

Liabilities

Income

Expense

A customer places his valuables with thebank for safe custody is called.

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Debtor

Bailor

Bailee

Creditor

Which of the following customers does not have more rights on bank:

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Individual customer

Joint customer

Minor customer

All have the same

Capital market does not deal in

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Shares

Treasury bills

Debentures

Bonds

Which institution is not the member of money market

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Commercial bank

Discount houses

HBFC

All the above

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.

The currency unit of the capital of IDB is

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Riyal

Dollar

Dinar

None of these

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

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Statement

License

Certificate

All the above

Which bank account is exempted from income tax and zakat:

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Saving account

Fixed deposit

Foreign currency account

All of the above

the developed form of red claause L.C. is.

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Revocable L.C.

Green clause L.C.

Unconfirmed L.C.

All of these

Rapid transfer fo funds is the feature of good.

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Open market

Money market

Discount house

None of these

The first stage or step between importer and exporter for the purpose of sale and purchase is:

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Oath or undertaking

Agreement

Contract with bank

Issuing of L.C

The bank can cover the loan by selling out the.

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Capital

Credit card

Security

None of these

Postal order is the example of.

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Negotible credit instrument

Cash instruent

Non negotiable credit instrument

None of these

Nature of Bank Accounts also help in determining the ratio of.

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Cash Reserve

Capital

Partnership

None of these

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