Question # 1

The person in whose favour the rights of recieving the amount of cheque transferred:

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Endorser

Payee

Endorsee

All of the above

Non- Scheduled banks are formed under co-opeative society Act.

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1932

1925

1984

1911

Which method or methods are prevailing in Pakistan for issuing notes

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Fixed Fiduciary System

Proportional Reserve System

Both a and b

None of the these

The price of one country's currency in term other country's currency is called

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Foreign currency

Traveller's L.C.

Exchange rate

None of these

Exchange banks are commonly known as.

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Foreign bank

Central bank

Consortium Bank

None of these

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

The person in who's favor a cheque is endorsed is called.

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Endorser

Debtor

Endorsee

None of these

What is the full form is ATM

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Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

When a bank accepts real estate as security by way of mortgage then it is called

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Aamal

Zarib

Mortgager

Mortgagee

Up to December 1965, Pakistan used method of note issue.

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Proportional Reserve system

Min. Reserve system

Fixed fiduciary system

All of these

The person is whose favor thebill is endorsed is.

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Endorsee

Endorser

Debtor

Acceptor

If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:

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Resolving

Back to Back

Transferable

None of the above

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

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Asset

Liability

Investment

Saving

What was the capital of State bank of Pakistan at the time of establishment

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30 millions

300 millions

30 billions

300 billions

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

The document by which the people are invited to buy the shares of bank is called

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus of bank

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