Question # 1

Credit money in the country is controlled by

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Central bank

Commercial bank

Industrial bank

Agricultural bank

Bank is bound to honour the cheque of customer if:

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Required amount is available in amount

Cheque is according to rules of conduct

There is no restriction by government

All of the above

Which account is considered a nn transferable account.

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Saving Account

Current Account

B.B.A. Account

Term Deposit Account

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

Another name of fixed deposit receipt is.

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Term Deposit receipt

Capital receipt

Cash Deposit receipt

Revenue receipt

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

Crossing makes the cheque:

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Unsafe

Unacceptable

Safe

Acceptable

The main content sof bank draft.

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bank branch

Payee

Date

All of these

Payment of sight bill is made on.

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Demad

Fixed period

Expiry

Presentation

Decreas in cash reserve ratio of scheduled Banks.

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No effect

Decrease in credit creation

Increase in credit creation

Stope credit creation

The main sources of bank's fund are

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Own capital

Deposits

Loan from other banks

All the above

In Case of Fixed Deposit the rate of intrest is.

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Constant

High

Low

None of these

Bank draft is always in the form of.

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Hand written

Printed

Stamp paper

None of these

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

Begining of Bank draft by.

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Kings

Money Lenders

Merchants

Gold smith

The L.C. which is accompanied by some documents is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Simple L.C.

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