Question # 1

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.

Which of the following is a highly marketable security

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Document of title to goods

Shares and debentures

Immovable property

All the above

Scheduled bank is bound to keep with the Country.

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80% of Total Assets

60% of Total Assets

40% Total Assets

20% Total Assets

At Present the Governor of State Bank of Pakistan is.

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Dr. Ishrat Hussain

Saleem Raza

Shahid Hafiz Kardar

Shahid Mahmood Wathra

Pakistan's central bank was established in:

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1947

1948

1949

1950

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

Which is the Primary functionof a commercial bank.

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Issue Notes

Accepting Deposits

Credit creation

None of these

If there is no guarantee to honour a letter of credit then it is called:

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Confirmed letter of credit

Irrevocable letter of credit

Unconfirmed letter of credit

None of the above

The person in who's favor a cheque is endorsed is called.

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Endorser

Debtor

Endorsee

None of these

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

Illiterate person provies on cheque for his indentification.

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Photograph

Birth Certificate

Thum Impression

All these

When was PICIC established

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1950

1951

1957

1961

How many merits of scheduled bank

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12

13

14

15

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

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Bank

Customer

Government

None of these

The supply of foreign exchange arises when.

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Goods are exported

Students comes of country

Sale of Foreign securities

All of these

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