Question # 1

Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods

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Documentary letter of credit

Green-clause letter of credit

Confirmed letter of credit

Red-clause letter of credit

The bills of exchange which is paid after the expiry of fixed period of time called

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Accommodation bill

Sight bill

Time bill

All of the above

Current account is suitable for

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Capitalists

Salaried persons

Business community

None of the above

Long term loan period is consisted of:

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Days

Months

Years

All of the above

The draft whihc is drawn and paid intwo different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

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

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M. Yaqoob

Ishrat Hussain

Shamshad Akhtar

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 services provided by online banking includes.

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Depositing money

Transfer money

With draw money

All of these

Qualitative methods of monetary policy donot include.

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Bank rate policy

Direct Actions

Publicity

Moral persuasion

Endorser of promissory note is a :

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Person who promises to pay

Person who receives the amount of note

Person in whose favour the rights are transferred

Person who trasfers the rights of note

Essentials of successfl banking.

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Large capital

Secured loans

Inflation

Both of these

The commercial banks may be:

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Scheduled

Non-scheduled

Foreign

All of the above

In moderan Banking introductory reference is not required in.

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Current account

Saving Account

B.B.A. Account

All these

Which of the following is used to finance the people who want to travel abroad

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Traveller's letter of credit

Traveller's cheque

Circular note

All the above

Bills of exchange is

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An order to pay

A request to pay

A promise to pay

All of the above

In Paksitan BEL, NIT and ICP are credit institutions.

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Unorganized

Specialized

Non specialized

All these

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