Principles of Banking I Com Part 2 MCQS Set 6

In case of negotiable instruments, the rights can:

All of the above

Be tranferred

Not be transferred

Be conditionally transferred

Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods

Green-clause letter of credit

Documentary letter of credit

Confirmed letter of credit

Red-clause letter of credit

When bank provides finance to its customer under an agreement of Modaraba, the customer becomes

Zarib

Aamal

None of the above

Consumer

How many advantages of e banking

5

3

4

6

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

Unconfirmed letter of credit

Confirmed letter of credit

None of the above

Irrevocable letter of credit

The important types of banker’s letter of credit:

Four

None of these

Three

Two

The amount of money in the amount of account holder is called:

Deposit

Interest

Loan

Profit

Safest cheque for making payment is:

All of the above

Bearer cheque

Order cheque

Crossed cheque

Which of the following customers does not have more rights on bank:

Individual customer

Joint customer

Minor customer

All have the same

Which bank was formed under the royal order

Bank of Venice

Chartered bank of England

State Bank of Pakistan

Bank of Barsolona