Question # 1

The word L.C stand for.

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Long credit

Less credit

Letter of credit

None of these

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

Quantitive methods are contral on

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Banks

Currency

Govt.

Public

The important types of banker's letter of credit:

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Two

Three

Four

None of these

Memorandum includes

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05 Clasuses

06 Clauses

10 Clauses

12 Clauses

When were the Pakistani banks nationalized:

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1974

1984

1990

1994

Retirement of bill means

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Payment of bill before due date

Dishonoring of bill due to non-payment

Protesting of bill

Dishonoring of bill due to non-acceptance

Which document is attached to the application for the registration of bank

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Memorandum of bank

Articles of bank

Prospectus

All the above

The Lady Phd.Governors of State Bank of Paksitan inclued.

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M. Yaqoob

Ishrat Hussain

Shamshad Akhtar

All of these

the loans which cna be demanded back by bank at any time are called.

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Short term loans

Overdrats

Demand loans

Running Finance

In case of inflation in the country, the rate of margin is:

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Increased

Reduced

Waived

All of the above

Who can endorse the cheque:

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Holder of cheque

Drawer of cheque

Both A & B

None of these

The other name of credit woucher is.

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Credit note

Cash credit

pay in slip

Debit note

Account suitable for business woman.

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Current account

Saving account

Fixed deposite account

All these

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

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