Question # 1

According to registration , bank is divided into followings categories:

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Home and foreign bank

Central and commercial bank

Scheduled and non-scheduled bank

All of the above

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

Scheduled banks means a bank which is registered with

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Stock exchange

Central bank

World bank

All of the above

Scheduled Banks can keep his totl assets outsinde the country.

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80%

60%

40%

20%

Parties involvedin money order.

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Two

Three

Four

Five

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

When the demand of any county's currency increses than the rate of exchange becomes.

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Unfavorable

Favorable

Equilibrium

None of these

The detail in the memorandum of bank is recorded :

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In one paragraph

In seperate paragraphs

On one page

All of the above

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

Who is responsible for loan in case of joint customer:

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All partners of persons

Person having authority to deal with bank

Active partner

None of the above

The amount of money in the amount of account holder is called:

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Profit

Interest

Deposit

Loan

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

Credit cards payment are considered.

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Credit payment

Cash Payment

Both a and b

None of these

Person who recieves the amount of cheque from bank is called:

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Drawee

Payee

Endorsee

All of the above

Cheque is a written order drawn on

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Endorsee

Bank

Customer

All of the above

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