Question # 1

Bank of England was formed in:

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1594

1694

1794

1894

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

If credit money is controlled by the sale and purchase of government securities, it is called

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Direct action

Moral persuation

Change in reserve ration

Open market operation

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

Sate Bank of Pakistan advises the federal and provincial governments on following matter

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Administrative

Financial

Political

All the above

Collateral parties in bill of exchange are.

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Acceptor

Endorser

Endorsee

All these

Non geogibale credit instruemnt are.

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Letter of credit

I.O.U

Money order

All of these

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

If there is no guarantee to honour a letter of credit then it is called:

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Confirmed letter of credit

Irrevocable letter of credit

Unconfirmed letter of credit

None of the above

Crossing which contains the name of a particular bank is called

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Regular crossing

Irregular crossing

General crossing

Special crossing

How many benefits of bankers

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4

5

6

7

Which of the followingis highly marketable security.

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Documents of title

Goods and produce

Shares and debentures

all the above

Clubs, cooperative societies, and associations etc. are entitled as following concern

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Partnership

Non-trading

Trading

All the above

Who did print the cheque in specific form for the first time or firstly:

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Imperial Bank

Bank of England

State Bank of Pakistan

None of the above

First woman Governor of State Bank of Pakistan was.

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Dr. Ishrat Hussain

Kassim Parekh

S.U. Durani

Dr. shamshad Akhtar

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

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