Question # 1

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

Choose the correct institutions in money market in Pakistan

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State bank of Pakistan

Specialized credit institutions

Commercial banks

All of the above

The kind of commercial letter of credit includes.

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Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

Trade related Islamic modes of financing do not include

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Musharika

Mark up

Leasing

Hire-purchase

Electronic banking transaction Ordinance is.

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1974

2002

1984

1962

The Islamic ideology council presents its formal report for Islamic banking in

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June, 1978

June, 1979

June, 1980

None of these

Long term loan period is consisted of:

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Days

Months

Years

All of the above

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

Beginning of cheque by.

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Gold smiths

Merchants

Kings

Money lenders.

The person who pledges the goods with the banker as security is called.

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Pledgee

Mortagager

Pledger

Mortagagee

These thories of foreign exchange rate include.

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Mint par parity theory

Ppurchasing power theory.

Botha a and b

All of these

The document by which the people are invited to buy the shares of bank is called

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus of bank

Cheque is a credit instrument which is

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Negotiable

Conditionally negotiable

Non negotiable

None of the above

^{The charger of commercial Bank is.}

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Momorandum

Articles

Prospectus

None of these

Which of the following functions is performed by commercial bank

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Issuance of currency notes

Credit creation

Rediscounting of bills

Preparation of monetary policy

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