101 Basic objective of commercial bank is
(A) Welfare of people
(B) Help of government
(C) To earth profit
(D) Arrangement of foreign exchange
102 If drawer of cheque is a payee himself then what word is written after the word pay
(A) Order
(B) Bearer
(C) Self
(D) None of these
103 For which cheque bank pays money at its counter?
(A) Bearer cheque
(B) Order cheque
(C) Crossed cheque
(D) Both A and B
104 Each leaf of the Cheque Book contains customer’s
(A) Father’s name
(B) Address
(C) Telephone number
(D) Account number
105 Cheque is an unconditional order
(A) From customer
(B) From Bank
(C) From government
(D) None of them
106 A cheque which can be cashed by its holder
(A) Bearer cheque
(B) Order cheque
(C) Cross cheque
(D) All these
107 The parties of cheque are
(A) Two
(B) Three
(C) Four
(D) Five
108 The cheque which cannot be encashed at bank counter is called
(A) Bearer cheque
(B) Order cheque
(C) Cross cheque
(D) Blank cheque
109 In which account, the cheque book is not issued?
(A) Current a/c
(B) Saving a/c
(C) Foreign currency a/c
(D) Fixed deposit a/c
110 Acceptable credit instruments are
(A) Written
(B) Oral
(C) Foreign
(D) Domestic
111 Which instrument is not dealt at the stock exchange?
(A) Shares
(B) Debentures
(C) Both
(D) Bills of exchange
112 Bills of exchange is a negotiable instrument that contains
(A) A written order
(B) Conditional written order
(C) Unconditional written order
(D) None of these
113 Generally, the instruments which are used in foreign receipts and payments called
(A) Exchange control
(B) Foreign exchange
(C) Letter of credit
(D) All these
114 Credit instrument drawn by one bank on another bank is called
(A) Cheque
(B) Bill of exchange
(C) Bank draft
(D) Postal order
115 The credit instrument which has four parties is
(A) Bill of exchange
(B) Cheque
(C) Bank draft
(D) Promissory note
116 The parties bill of exchange are
(A) Three
(B) Five
(C) Six
(D) Seven
117 Which is comparatively used more?
(A) Bill of exchange
(B) Cheque
(C) Draft
(D) Promissory note
118 Banks were nationalised in Pakistan in
(A) 1971
(B) 1974
(C) 1978
(D) 1979
119 Head office of National Bank of Pakistan is situated in
(A) Lahore
(B) Islamabad
(C) Quetta
(D) karachi
120 National Bank of Pakistan was established in
(A) 1948
(B) 1949
(C) 1950
(D) 1951
121 Islam forbids
(A) Investment
(B) Partnership
(C) Trade
(D) Interest
122 When was Islamic banking system introduced in Pakistan
(A) 1970
(B) 1972
(C) 1980
(D) 1982
123 For withdrawal of amount bank issues to account holders
(A) Cash book
(B) Cheque book
(C) Bank draft
(D) Pass book
124 Bank is an institution
(A) Social
(B) Religious
(C) Financial
(D) Welfare
125 The person who opens a bank account is called
(A) Owner of the bank
(B) Customer of the bank
(C) Employee of the bank
(D) Director of the bank
126 Overdraft facility is available in
(A) Saving account
(B) Fixed account
(C) Current account
(D) None of these
127 On which of the following amounts of overdraft. Bank receives interest
(A) Fix
(B) Total
(C) Used
(D) All these
128 Which of the following Bank performs its functions according to the instructions of Central Bank
(A) Foreign Bank
(B) Schedule Bank
(C) Non-Scheduled Bank
(D) All these
129 Central Bank was established
(A) 1948
(B) 1950
(C) 1951
(D) 1960
130 Which account is suitable for the business community?
(A) Fixed account
(B) Current account
(C) Saving account
(D) All these
131 Which method is prevailing in Pakistan for issuing note
(A) Fixed fiduciary system
(B) Proportional reserve system
(C) Both A & B
(D) All these
132 The following is used in E-Banking
(A) Debit card
(B) Credit card
(C) Both A & B
(D) None of these
133 Which Banks can open their branches in foreign countries?
(A) Scheduled Bank
(B) Non scheduled Bank
(C) Both A & B
(D) None of these
134 Which of the following changes cause to change in foreign exchange
(A) Change in exports and imports
(B) Change in capital flow
(C) Change in Bank rate
(D) All these
135 Modaraba may be
(A) Specific or multi purpose
(B) Perpetual
(C) For specific period
(D) All of these
136 A document which shows the title of goods shipped through a general ship is called
(A) Bill of lading
(B) Proforma invoice
(C) Bill of entry
(D) License
137 Bank provide cash finance facility to such account holders who have
(A) Saving account
(B) Current account
(C) Foreign currency account
(D) Basic banking account
138 The document/is used in online banking is / are
(A) Debit card
(B) Credit card
(C) A.T.M. card
(D) All of these
139 Bank provide Qarz-e-Hasna to
(A) Entrepreneur
(B) Industrialist
(C) Capitalist
(D) Students
140 The share of federal government in the paid up capital of Industrial Development Bank of Pakistan is
(A) 50%
(B) 51%
(C) 54%
(D) 57%
141 Obtaining loan against life insurance policy is
(A) Easy
(B) Difficult
(C) Complicated
(D) Impossible
142 Document used to deposit money into Bank
(A) Bank statement
(B) Pay in slip
(C) Credit voucher
(D) Pass book
143 Which affairs of banks are revealed by Articles of Association?
(A) Internal
(B) External
(C) Political
(D) Financial
144 What is necessary to withdraw money through an ATM?
(A) I. D. card
(B) Cheque
(C) Pin code
(D) None of these
145 Illiterate person provides to the bank for identity
(A) Birth certificate
(B) Thumb impression
(C) Photograph
(D) All of these
146 Refund of demand loans is done
(A) After six months
(B) On demand
(C) On fixed period
(D) After three months
147 The word “Bank” has been derived from German word
(A) Back
(B) Bancus
(C) Banco
(D) None of these
148 If a Bank is unable to submit prospectus at the time of registration, then it has to submit
(A) Statement in lieu of prospectus
(B) Certificate of incorporation
(C) Certificate of commencement
(D) None of these
149 What is the purpose of using credit card
(A) To purchase goods and services
(B) To win the prices from Bank
(C) To travel abroad
(D) To invest the savings
150 In case of inflation in the country, the rate of margin is
(A) Increased
(B) Reduced
(C) Waived
(D) All these
151 Pay-in-slip is written evidence of
(A) Transferring money
(B) Depositing money
(C) Withdrawing money
(D) All these
152 Long term loan is advanced against the following security
(A) Non-material
(B) Material
(C) Personal
(D) All these
153 What is received by the Post Office on money order
(A) Profit
(B) Interest
(C) Commission
(D) Duty
154 A developed or organized money market is always
(A) Elastic
(B) Less elastic
(C) More elastic
(D) Not elastic
155 Where is the Head Office of Z.T.B.L.
(A) Karachi
(B) Lahore
(C) Peshawar
(D) Islamabad
156 The amount of money in the account of account holder is called
(A) Profit
(B) Interest
(C) Deposit
(D) Loan
157 Capital market does not deal in
(A) Shares
(B) Treasury bill
(C) Debentures
(D) Bonds
158 Which letter of credit is accompanied by some documents
(A) Confirmed
(B) Documentary
(C) Non-documentary
(D) All these
159 The nature of relationships between Bank and customer are
(A) Debtor and creditor
(B) Agent and principal
(C) Bailor and Bailee
(D) All these
160 Bank of England was formed in
(A) 1594
(B) 1694
(C) 1794
(D) 1894