Question # 1

The word L.C stand for.

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Long credit

Less credit

Letter of credit

None of these

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

Which of the following institution was converted into IDBP:

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Pakistan industrial finance corporation

Pakistan investment corporation

Industrial bank

Pakistan industrial and credit investment corporation

the loans which cna be demanded back by bank at any time are called.

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Short term loans

Overdrats

Demand loans

Running Finance

The market in which funds are borrowed or lent for less than one year.

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Money market

Capital market

Open market

All these

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank

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Prospectus of bank

Copy of bye-laws

Audited annual report of bank

Certificate of incorporation

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of these

How many benefits of bankers

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4

5

6

7

Qualitative methods are control over.

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Currency

Govt

Banks

Public

The rate of exchange determined by two countries following non-convertible paper currency system is a point where

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The purchasing power of currency is same

The purchasing power of currency is different

The purchasing power of currency is zero

None of the above

Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.

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12th

13th

14th

15th

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

The forms of cash reserve of commercial bank:

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Cash in hand

Reserve with central bank

Recievable from other banks

All of the above

When cheque is cashed then its main foil is given to:

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Bank

Customer

Government

None of these

The main purpose of commercial bank is.

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Walfare

Issue notes

Earn Profits

All these

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