Question # 1

The draft whihc is drawn and paid intwo different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:

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Resolving

Back to Back

Transferable

None of the above

The rate which keeps the balance of payment in equilibrium.

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Equilibrium rate

Foreign exchange rate

Currency Rate

Dollar rate

State Bank of Pakistan Amendment Act is.

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1932

1997

1962

1956

Bank prefers to advance loan on such documents

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Which are easy to keep

Which are transferable

Whose price can be determined easily

All the above

The document acquire to convert non -scheduled into scheduled bank

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Prospectus

Debentures

By laws copy

Audited Annual Report

Qualitative methods of monetary policy do not include:

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Direct actions

Publicity

Bank rate policy

Moral pursuation

Example of consortium Bank.

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SBP

Orion Bank

MCB

NBP

An organized money market is always.

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Not elastic

Less elastic

More elsastic

Elastic

The name of the person is written on cheque as:

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Drawer

Drawee

Payee

None of these

Which document indicates the authority and limitation of bank

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Memorandum

Articles

Certificate of incorporation

Prospectus

On opening Saving Account the Bank Provide.

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Pass Book

Pay in slip

Cheque book

All of these

The advantages of E-Banking are.

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Time saving

No need to carry cash

Facility of BACS

All of these

Modern central banking system started in

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18th Century

19th Century

20th Century

None of these

How many benefits of economy

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2

3

4

5

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

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