Question # 1

What is the number of members in the managements body of PICIC

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12

21

5

7

Grace days are given to debtor for the patment of:

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Bills of exchange

Promissory note

Treasury bill

Cheque

The example of non commercial letter of credit.

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Red clause L.C.

Green clause LC.

Traveler's L.C.

Documentary L.C.

The other name of credit woucher is.

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Credit note

Cash credit

pay in slip

Debit note

The term foreign exchange includes

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Bank draft

Letter of credit

Foreign B/E

All the above

the nature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

Bank draft is always in the form of.

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Hand written

Printed

Stamp paper

None of these

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

The kind of loan according to issue

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Cash credit

Discounting of bill

Mortgage loan

All of the above

Foreign exchange control reduces the

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Circulation of capital

Export of capital

Import of capital

None of the above

Who is called a drawee of cheque

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Payee

Bank

Customer

Endorsee

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

Maintenance of minimum balance is not required in

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Current account

Basic banking account

Saving account

None of these

Bank draft is an order

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Of court

Conditional

Unconditional

Of government

Which of the following is a highly marketable security

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Document of title to goods

Shares and debentures

Immovable property

All the above

Why commercial banks keep a certain amount of money as reserve

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Meeting the requirements of customers

Meeting the requirements of central bank

Acquiring the satisfaction of having cash

Expanding the banking business

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