Question # 1

The amount of loan should be less than.

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Value of security

Market value

Face value

Hidden value

Which letter of credit is accompanied by some documents

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Confirmed

Documentary

Non-documentary

All the above

The main sources of a bank funds are.

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Deposits

Bank own funds

Both a and b

None of these

Manage the internal affairs of Bank.

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Prospectus

Memorandum

Articles

All of these

The nature of money market in Pakistan.

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Under developed

Developed

Dualistic nature

None of these

Which of the following rate keeps the balance of payments in equilibrium

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Discount rate

Interest rate

Exchange rate

Market rate

Credit Card, ATM card and Debit Card are.

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Metallic money

Paper Money

Plastic Money

Bank Money

Official empowered by theGovt. attest the negotiable instruments by his seal.

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Gazette officer

Notary public

Public attorney

None ofthese

Promissory note means a:

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Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

The signature of the following is compulsory on B/E:

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Bank

Drawee

Drawer

Both (B) & (C)

Customer can withdraw money only after the expiry of fixed time

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From saving account

From current account

From fixed deposit

From all the above

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Quantitive methods are contral on

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Banks

Currency

Govt.

Public

In how many days would a schque between banks clear through the clearing system.

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7 days

3 days

10 days

5 days

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

Joint-stock company can open the following account in bank

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Fixed

Current

Saving

All the above

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