Question # 1

On which of the following amount of overcraft, bank receives interest:

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Fix

Total

Used

All of the above

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

The money market in Pakistan

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Is developed

Is underdeveloped

Both a & b

Does not exist

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

The Central Bank sells Govt. Securities in.

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Summer

Deflation

Winter

Inflation

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All the above

The document which reveals the ownership of goods kept on port:

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Bill of lading

Dock warrant

Delivery order

Railway receipt

The merits of credit card.

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Easy payment

Proof of payment

Loan Facility

All of these

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

Grace days are given to debtor for the patment of:

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Bills of exchange

Promissory note

Treasury bill

Cheque

How many institutions in money market in Pakistan

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7

8

9

10

Which method is mostly used in making foreign payment

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Foreign bills of exchange

By post

By telegraph

None of these

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

Which of the following is a non-commercial letter of credit

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Irrevocable letter of credit

Red-clause letter of credit

Special letter of credit

Traveller's letter of credit

Beginning of Bank draft by

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Kings

Money lenders

Merchants

gold smith

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