Question # 1

When was the National Bank Of Pkaistan established:

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1948

1949

1950

1951

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

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

Central Bank is the Leader of.

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Capital Market

Money Market

Both a and b

Open market

Certain Percentage of Gold to issue currency notes.

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Fixed Fiduciary method

Proportionate Reserve

Min. Reserve system

None of these

The loan which is granted by by bank to account holder on temporary basis called

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Cash credit

Overdraft

Demand loan

None of the above

Person gets finance from bank in terms of Mudarba Act as

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Mudarib

Creditor

Aamil

None of these

The external value of local currency is stablized through:

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Monetary policy

Increase in prices

Trade policy

All of the above

Process of credit creation by

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Central bank

Commercial banks

Both of these

None of these

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

Modern commercial Bank are teh developed form of the Busniess of.

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Gold Smith

Merchants

Money Lenders

All these

The kind of commercial letter of credit includes.

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Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

Which type of a bill can be discounted form bank.

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Sight bill

Time bill

Dishonored bill

Unaccepted bill

The primary objective of a central bank is to

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Earn profit

Advance loans to traders

Safeguard the national interest

All of the above

When a person deposits money in a bank, it is the beginning of

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Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

Under Islamic modes of financing, lending includes

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Service charges

Qarze-Hasna

Both a and b

None of the above

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