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

Can open new branch without the consent of Centrla Branch.

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Scheduled Bank

State Bank of Pakistan

Non -Scheduled Bank

Bank of England

What is the major reason of Pakistan's unorganized money market

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Lack of cooperation among financial institutions

Absence of democracy

Issuance of loan on political basis

All the above

The leader of money and capital market in Pakistan.

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Government

Cental Bank

Commercial Banks

None of these

The statement of Pakistan was inaugurated by:

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Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

Draft Drawn and paid in two differnet countries is called.

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Foreign draft

Demand draft

Local draft

None of these

Bills of exchange is

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An order to pay

A request to pay

A promise to pay

All of the above

Which amount is available for salaried and low income persons:

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Current account

Saving account

Fixed deposit

All of the above

Which of the following terms is used regarding the confirmation of death of bank customer

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Stopped account

Cancelled account

Deceased account

Closed account

Payment of sight bill is made on.

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Demad

Fixed period

Expiry

Presentation

For selling shares Bank issues

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Tickets

Prospectus

Certificate

Tokens

In Islamic banking overdraft means.

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Debit balance

Running finance

Favorable balnce

Nil Balance

The person who draws the bill is called.

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Debtor

Drawee

Drawer

Acceptor

A represntative handed over cheques to other banks are called.

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Outwaard clearing

Direct cheaning

Inward Clearing

Indirect Clearing

Content of money order includes.

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Fixed amount

Non transferable

Identification

All of these

Endorsee of cheque is a person

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Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

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