Question # 1

The nature of relation between bank and customers is:

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Deptor and creditor

Agent and principal

Bailer and bailee

All of the above

Evolutionary history of early banks includes.

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Merechnats

Money Lenders

Gold smiths

All these

Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue

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5%

10%

30%

100%

A commercial bank keeps less cash reserve if:

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Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

Pakistan's central bank was established in:

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1947

1948

1949

1950

The money market in Pakistan

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Is developed

Is underdeveloped

Both a & b

Does not exist

The person is whose favor thebill is endorsed is.

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Endorsee

Endorser

Debtor

Acceptor

The capital of stat bank of the time of establishment was.

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Rs. 30 millions

Rs. 450 milliions

Rs.300 millions

Rs. 30 billions

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

Letter of credit is opened by.

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Importer 's bank

Exporter's bank

Wholse seller

None of these

What is the example of Scheduled bank

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Habib bank Ltd.

Allied bank Ltd. in Pakistan

Both a and b

None of these

Parties involved in postal order

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Two

Three

Four

Five

Stock certificates are issued by.

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Cental bank

Stock market

Limite Company

Partnership

The automatic delivery of banking products and services to customers through interactive electronic communication is called

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E banking

Electronic banking

Both a and b

None of these

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

Who can endorse the cheque:

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Holder of cheque

Drawer of cheque

Both A & B

None of these

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