Question # 1

The loan against which no security is kept by bank are.

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Secured loans

Unsecured loans

Demand loans

None of these

The example of non commercial letter of credit.

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Red clause L.C.

Green clause LC.

Traveler's L.C.

Documentary L.C.

The commercial banks may be:

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Scheduled

Non-scheduled

Foreign

All of the above

Imperial Bank was established in:

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1921

1925

1932

1937

When was the National Bank Of Pkaistan established:

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1948

1949

1950

1951

Which letter of credit is automatically renewed by fulfilling certain conditions

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Fixed

Documentary

Confirmed

Revolving

Which one is not the feature of good Banking system.

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Economic development

Inflation

Larger Capital

TYrust of public

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of these

The features of debit card, credit card and ATM card.

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magnetic strip

Specific number

electronic ship

All of these

The loans which can be demanded back by bank at any time are.

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Short term loans

Medium Tem loans

Long term loans

Demand loans

Promissory note means a:

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Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

Pakistan has used methods of note issue.

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Proportional reserve system

Min. Reserve system

Both a and b

Fixed fiduciary system

Minor person of a bank is one who is below.

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15 years

16 years

18 years

17 years

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

The primary function of commercial bank are

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Accepting deposits

Advancing loans

Both a and b

None of these

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