Question # 1

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

The kind of commercial letter of credit includes.

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Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

If Central Bank wants to increase the quantity of money in country it.

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Sells securities

Purchase securities

Create Credit

All the above

The quantitative methods of credit control are in nature.

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General

Selective

Optional

None of these

Which of the following is not an example of plastic money

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Debit card

ATM card

Currency notes

Credit card

ATM is used to withdraw money from the

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Branch of bank in which we have the account

Any branch of concerned bank

Other banks

All the above

Open market operation means.

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Purchase and sale of shares

Purchases and sale of securities

Purchase and sale of assets

None of these

Riba is the word of following language

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Urdu

Arabic

English

French

Illiterate person provides to bank for his identification

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Birth certificate

Impression of thumb

Photograph

All the above

A person who writes the bill is called

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Drawee

Drawer

Payee

Acceptor

The forms of cash reserve of commercial bank:

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Cash in hand

Reserve with central bank

Recievable from other banks

All of the above

Which bank account continues after the with drawal of total amount:

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Current saving

Fixed deposit

Saving account

All of the above

Who started the use of bank draft:

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Kings

Merchants

Money lenders

Goldsmiths

The following is not used in E-Banking

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Credit card

Debit card

Cheque

All the above

When cheque is cashed then its main foil is given to:

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Bank

Customer

Government

None of these

If credit money is controlled by the sale and purchase of government securities, it is called

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Direct action

Moral persuation

Change in reserve ration

Open market operation

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