Question # 1

Which letter of credit is issued for a single or particular transaction:

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Fixed

Revocable

Red clause

Green Clause

Bank draft is issued by the bank when the debtor and creditor belngs to.

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To differnet citiies/Country

With in same city

Two different families

All these

Which instrument is not dealt at stock exchange

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Shares

Debentures

Both a and b

Bills of exchange

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

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ID card

Credit card

Chrage card

Gurantee card

How many institutions of money market

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6

5

4

7

Which of the following is not an example of plastic money

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Debit card

ATM card

Currency notes

Credit card

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

Overdraft is also knonw as.

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Cash Credit

Running finace

Cash finance

All the above

Can open new branch without the consent of Centrla Branch.

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Scheduled Bank

State Bank of Pakistan

Non -Scheduled Bank

Bank of England

The Bank are called Scheduled Bank which are registered with the.

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Central Bank

world Bank

Bank of England

All the above

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

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Drawee

Payee

Endorsee

All of the above

Cheque is a written order drawn on

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Endorsee

Bank

Customer

All of the above

The leader of money market in Pakistan.

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Central Bank

Government

Commercial Banks

None of these

Methods for making foreign payments includes.

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Letter of credit

Foreign bills of exchange

Foreing bank draft

All of these

On every cheque bank gets

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Profit

Commission

Tax

Duty

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