Question # 1

When bank provides finance to its customer under an agreement of Modaraba, the customer becomes

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Consumer

Zarib

Aamal

None of the above

Which letter of credit is accompanied by some documents

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Confirmed

Documentary

Non-documentary

All the above

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

The higer the cash reserve ratio.

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Credit creation zero

Credit creation constant

Higher the credit creation

Lower the credit creation

Orverdraft facility is not allowed to.

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Minor

Lunatic

Parda Nasheen woman

Both b and c

What is necessary to withdraw money through ATM.

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ATM card

PIN number

ATM terminal

All of these

Transfer of money from one palce to another place with the help of post office.

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Cheque

Draft

Money order

None of these

In L.C. the other name of exporter's bank is.

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Paying bank

Advising bank

Negotiating bank

All of these

Promissory note means a:

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Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

The statement of Pakistan was inaugurated by:

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Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

Habib Bank Limited was formed on.

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1941

1931

1951

1961

Feature of postal order

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Serial no

value

Commission

All of these

A blind person can open account with bank.

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Current account

Fixed deposit account

Saving account

All the above

Which bank is called the mother of Central Banks.

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World Bank

Bank of Vence

Royal Bank of Scotland

Bank of England

In these days Banks are formed under companies ordinance.

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1962

1932

1984

1013

Which function does a central bank not perform

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Credit creation

Advancing loans

Lender of last resort

Banker of the public

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