Question # 1

Pakistan's central bank was established in:

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1947

1948

1949

1950

In the presence of cleairng house the use of cash transactions between banks

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Increases

Decreases

Stops

NO effect

Documents of title to goods includes.

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Dock warrant

Bill of lading

Delivery order

All the above

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

The person who accept the of billof excange on behalf of drawee is called.

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Debtor

Payee

Drawee

Acceptor

the developed form of red claause L.C. is.

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Revocable L.C.

Green clause L.C.

Unconfirmed L.C.

All of these

Popular types of loan issued by the bank according to term are

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Two

Three

Four

Five

The example of non commercial letter of credit.

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Red clause L.C.

Green clause LC.

Traveler's L.C.

Documentary L.C.

The draft which is drawn and paid in two different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

Which is appointed by govt. to certify the negotiable instrument:

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Private attorney

Public attorney

Notary public

Giazetted Officer

Written evidence of depositing money into bank.

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Cheque book

Pay in Slip

Pas Book

None of these

the card which can be used to pay for goods purchased.

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ID card

Credit card

Chrage card

Gurantee card

Part of cash of scheduled banks kept by centrla bank as per law is called.

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Specific reserves

Satutory reserves

Gneral Reserves

All the above

The quantitative methods of credit control are in nature.

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General

Selective

Optional

None of these

Negotiable credit instrument do not include.

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Bank draft

Cheque

Postal orders

Treasury bill

Person who recieves the amount of cheque from bank is called:

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Drawee

Payee

Endorsee

All of the above

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