QUIZ 4 ( 1 – 42 )
Question # 1 of 15 ( Start time: 11:56:56 AM ) Total Marks: 1
Which of the following is included in “Financial Institutions” as per Prudential Regulation issued by the State
Bank of Pakistan?
Banks
Development Financial Institutions (DFIs)
Non-Banking Finance Companies (NBFCs)
Insurance Companies
Question # 2 of 15 ( Start time: 11:58:16 AM ) Total Marks: 1
In documentary credit, which of the following banks is usually a foreign bank?
Issuing bank
Paying bank
Advising bank
Confirming bank
Question # 3 of 15 ( Start time: 11:59:36 AM ) Total Marks: 1
Under hire-purchase, at the time of delivery and possession of goods, which of the following is issued by the bank?
Delivery order
Delivery note
Delivery memo
Physical delivery of goods
Question # 4 of 15 ( Start time: 12:01:01 PM ) Total Marks: 1
An endorsement is said to be Restrictive endorsement, if it satisfies which of the following conditions?
If the endorser signs his name only
If the endorser adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person
If the endorser restricts or excludes the right to further negotiate the instrument
If the endorser purports to transfer to the endorsee only a part of the amount payable
Question # 5 of 15 ( Start time: 12:02:18 PM ) Total Marks: 1
According to the prudential regulations for the housing loan, the maximum monthly installment for repayment
of loan should not exceed which of the following?
25% of net disposable income of the borrower
40% of net disposable income of the borrower
50% of net disposable income of the borrower
60% of net disposable income of the borrower
Question # 6 of 15 ( Start time: 12:03:43 PM ) Total Marks: 1
A banking company can engage itself in which of the following businesses under section 7 of Banking
Companies Ordinance, 1962?
Borrowing, raising, or taking up of money
The lending or advancing of money either upon or without security
The granting and issuing of letters of credit
All of the given options
Question # 7 of 15 ( Start time: 12:05:01 PM ) Total Marks: 1
All of the following are contents of the Articles of Association, under Banking Companies Ordinance, 1962, EXCEPT:
Transfer of shares
Alteration of share capital
Authorized capital
Dividend
Question # 8 of 15 ( Start time: 12:06:07 PM ) Total Marks: 1
All of the following are examples of Negotiable Instruments, under the Negotiable Instrument Act, 1881, EXCEPT:
Promissory note
Bill of exchange
Cheque
Bearer debentures
Question # 9 of 15 ( Start time: 12:07:27 PM ) Total Marks: 1
According to the Banking and Companies Ordinance, 1962, which of the following refers to “Any company
which transacts the business of banking in Pakistan”?
Microfinance Institution
Banking Company
Investment Bank
A corporate Body
Question # 10 of 15 ( Start time: 12:08:27 PM ) Total Marks: 1
All of the following are requirements of the Memorandum, under Banking Companies Ordinance, 1962, EXCEPT:
Required to be printed
Issue of shares and allotment of shares
Should be divided into paragraphs
Paragraphs to be consecutively numbered
Question # 11 of 15 ( Start time: 12:09:54 PM ) Total Marks: 1
Under Prudential Regulations, the vehicle to be utilized for commercial purposes shall not be included in which
of the following?
SME financing
Corporate financing
Consumer financing
Micro financing
Question # 12 of 15 ( Start time: 12:11:07 PM ) Total Marks: 1
What is the bailment of goods as security for payment of a debt or performance of a promise called?
Hypothecation
Mortgage
Lien
Pledge
Question # 13 of 15 ( Start time: 12:12:04 PM ) Total Marks: 1
Who among the following is appointed by a court to look after the estate of a person who died without leaving a WILL?
Agent
Lawyer
Lawyer
Administrator
Question # 14 of 15 ( Start time: 12:13:09 PM ) Total Marks: 1
According to the prudential regulations for housing finance, which of the following charges are applied in order
to secure the collateral for the loan?
Hypothecation
Mortgage
Pledge
Lien
Question # 15 of 15 ( Start time: 12:14:32 PM ) Total Marks: 1
How many parties are involved in a check?
Two
Three
Four
Five
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