Question # 1

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

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Endorser

Debtor

Endorsee

None of these

The first Pakitan Note es were issued in the denomination of.

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Rs. 5

Rs. 10

Rs.100

All of these

The money market in Pakistan

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Is developed

Is underdeveloped

Both a & b

Does not exist

Which of the following is not an objective of central bank.

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Economic development

Helping Govt

Walfare of economy

Credit creation

The bill of exchange who's tenor is less than three month is.

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

List of Directors is required at the stage of.

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Registration

Incorporation

Promotion

Commencement

For Transactions the merchants used to issue.

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Passport

Promissory note

Ideintty card

Bil lof exchange

The number of financial institutions in money is

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Limited

Fixed

Unlimited

All are possible

Written instrument by one bank to another bank.

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Bill of exchange

Draft

Bearer cheque

None of these

A commercial bank keeps less cash reserve if:

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Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

The more increase in exchange rate for a country under gold standard is called

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Lower specie point

Middle specie point

Upper specie point

None of the above

The various kinds of exchange rate includes.

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Official rate

Spot rate

Forward rate

All of these

Cheque book is not use in.

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Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

Because of low Reserve Ratio the credit creation power.

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Increases

Decreases

Constant

Zero

The person who accepts the bill of exchang is.

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Debtor

Drawer

Payee

None of these

Nature of Bank Accounts also help in determining the ratio of.

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Cash Reserve

Capital

Partnership

None of these

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