Question # 1

A blind person can open account with bank.

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Current account

Fixed deposit account

Saving account

All the above

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

Bill brokers and discount houses work in.

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_{Open market}

Capital market

Money Market

None of these

If the rate of interest (profit) on the bank deposits is higher then the banks keep:

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Less cash reserve

Less margin rate

More cash reserve

None of the above

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

The word credit has been derived from a latin word.

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Credo

Credere

Creditor

None of these

Thenature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

Choose the correct institutions in money market in Pakistan

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State bank of Pakistan

Specialized credit institutions

Commercial banks

All of the above

Which bank does accept the deposits from public

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Commercial bank

Central bank

Foreign exchange bank

All the above

Which is demanded by a bank at the time of opening new account

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Birth certificate

Source of income

Educational qualification

All of the above

When did the National Bank start its functions as the agent of SBP:

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1949

1950

1951

1952

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Written instrument by one bank to another bank.

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Bill of exchange

Draft

Bearer cheque

None of these

Central Bank provide the facility to Scheduled Banks.

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Rediscounting Bills

Clearing House

Transfer of Money

All the above

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