Question # 1

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

Qualitative methods are control over.

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Currency

Govt

Banks

Public

Central Bank provide the facility to Scheduled Banks.

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Rediscounting Bills

Clearing House

Transfer of Money

All the above

Major function of Central Bank is.

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Open account

Provide lockers

Issue currency notes

All of the above

The loan which is granted by by bank to account holder on temporary basis called

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Cash credit

Overdraft

Demand loan

None of the above

The acceptance of bill without some condition is called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

What type of account is preferred by a businessman

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Saving account

Fixed deposits

Current account

Foreign currency account

Which document does reveal the internal affairs of a bank

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus

Main parties in bill of exchang are.

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Three

Two

Four

Five

PICIC was established as

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Private company

Limited company

Partnership

None of the above

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

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Commission

Rent

Intrest

Carriage

Bank is asked to take care the property of his clinet is called.

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Bailee

Pawnee

Mortagagee

Trustee

Security is a powerful tool that ensure the repayment of:

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Deposit

Debt

Interest

None of the above

When a person deposits money in a bank, it is the beginning of

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Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

In case of negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Which of the following is a non commercial L.C.

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Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

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