Question # 1

The first central bank of indo-Pak

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Bank of Calcutta

Imperial bank

Reserve bank of India

None of the above

The main purpose of commercial bank is.

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Walfare

Issue notes

Earn Profits

All these

Which form of automated payment would be better in paying wages to employee

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BACS

Standing order

Direct Debit

Credit transfer

Which one of the following is not the preference of state bank of Pakistan

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Expansion in banking system

Control over the supply of money

Equal distribution of credit

To earn maximum profit

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

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

Major function of Central Bank is.

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Open account

Provide lockers

Issue currency notes

All of the above

Parties involved in postal order

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Two

Three

Four

Five

The draft whihc is drawn and paid intwo different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

What kinds of business does a commercial bank do

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Accepts deposits and advances loans

Issues currency notes

Re-discounts the bills of exchange

All the above

Who is called a drawee of cheque

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Payee

Bank

Customer

Endorsee

In Paksitan BEL, NIT and ICP are credit institutions.

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Unorganized

Specialized

Non specialized

All these

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

Which of the following relationships occurs if a customer deposits his money in a bank

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Bank as a debtor and customer as a creditor

Bank as a creditor and customer as a debtor

Bank as an agent and customer as a principle

Bank a modarib and customer as an aamal

Safest cheque for making payment is:

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Crossed cheque

Order cheque

Bearer cheque

All of the above

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