Question # 1

Which of the following banks performs its functions according to the instructions of central bank

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Foreign bank

Scheduled bank

Non-scheduled bank

All the above

When was PICIC established

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1950

1951

1957

1961

Second stage of formation of bank is called.

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Incorporation

Commencement

Issue of shares

Promotion

Which bank does accept the deposits from public

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Commercial bank

Central bank

Foreign exchange bank

All the above

Which of the following is a limitation in credit creation

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Initial deposit

Use of cheques

Use of currency

All of these

Capital market does not deal in

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Shares

Treasury bills

Debentures

Bonds

The money deposited in the bank is considered by a customer as

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Asset

Liability

Investment

Saving

It is the duty of a customer to.

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Follow banking hours

Safety of cheque book

Care ful filling of cheque

All these

Illiterate person provies on cheque for his indentification.

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Photograph

Birth Certificate

Thum Impression

All these

The market in which funds are borrowed of lent for a period of over one year.

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Money market

Capital market

Open market

None of these

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

How many advantages of e banking

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3

4

5

6

When did the National Bank start its functions as the agent of SBP:

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1949

1950

1951

1952

The main sources of bank's fund are

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Own capital

Deposits

Loan from other banks

All the above

Term dishonoring of cheque is used when

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Bank refuses to pay

Bank stops the payments

Bank delay the payments

Bank gives cheque to clearing house

Bill brokers and discount houses work in.

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_{Open market}

Capital market

Money Market

None of these

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