Question # 1

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

Memorandum includes

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05 Clasuses

06 Clauses

10 Clauses

12 Clauses

Main parties of promissory note are

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One

Two

Three

Four

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

In Pakistan "ATM' was first of an introduced Ltd.

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Habib Bnak Ltd.

Allied Bank Ltd.

Muslim Commercial Bank Ltd.

National Bank of Pakistan.

Retirement of bill means

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Payment of bill before due date

Dishonoring of bill due to non-payment

Protesting of bill

Dishonoring of bill due to non-acceptance

For selling shares Bank issues

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Tickets

Prospectus

Certificate

Tokens

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

What is the status of an account if opened by a government institution

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A non-trading concern

An individual

A joint-stock company

A joint customer

Written evidence of depositing money into bank.

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Cheque book

Pay in Slip

Pas Book

None of these

How many institutions of money market

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6

5

4

7

The capital of stat bank of the time of establishment was.

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Rs. 30 millions

Rs. 450 milliions

Rs.300 millions

Rs. 30 billions

Credit card payments are considered.

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Cash payments

Credit payments

Both these

None of these

Adjusting a debit balance against a credit balance by the bank is called.

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Balancing

Adjustment

Setting off

All these

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

Which of the following functions is performed by commercial bank

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Issuance of currency notes

Credit creation

Rediscounting of bills

Preparation of monetary policy

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