Class 2nd Year Banking Guess Paper Commerce
Important Questions:
Section A: (MCQs - Multiple Choice Questions)
(a) Bill of exchange (b) Cheques (c) Promissory note (d) All of these
2. Bank acts as the custodian of its customer’s:
(a) Property(b) Valuable (c) Business (d) Cash
3. Commercial bank acts as underwriter fir:
(a) Shares (b) Bonds (c) Debentures (d) All of these
4. When endorser signs his name only on the instruments this is known as:
(a) Restricted endorsement (b) Blank endorsement (c) Special endorsement (d) Conditional endorsement
5. Bank find comprises mainly of money borrowed from:
(a) Money lender (b) Account holder (c) Loan(d) Other bank
6. Bank overdraft is allowed by bank for:
(a) A certain limit (b) No limit (c) A fixed limit (d) All of these
7. The foreign bank draft is always payable on:
(a) Demand (b) Specified sale (c) Signature (d) Expiry of two weeks
8. Generally the number of parties to a chique is:
(a) One (b) Two (c) Three (d) Four
9. Lender of last resort for commercial bank is:
(a) World bank (b) Mortgage bank (c) Central bank (d) Agricultural bank 10. Cashier’s cheque is a:
(a) Bank draft (b) Pay order (c) Order cheque d) Bearer cheque
11. Foreign bill of exchange may be classified as:
(a) Bill by place (b) Bill by limit (c) Bill by payment (d) None of them
12. The bill is originally accepted by:
(a) Seller (b) Creditor (c) Buyer (d) Bank
13. A notice must be served in case of dishonor:
(a) Cheque (b) Cross cheque (c) Promissory note (d) Bill of exchange
14. If endorser signs on the bank of negotiable instrument it is called:
(a) Restrictive (b) Blank (c) Special Cd) Sans recourse
15. Credit cards are:
(a) Cash card (b) Credit voucher (c) Plastic money (d) Exchange card
16. The letter of credit is issued by a/an:
(a) Importer (b) Exporter (c) Importer bank (d) Drawer of the bill
Section B: (Short Answer Questions)
1. What are the different types of bank deposit accounts? Describe.
2. Write a note on clearing house service?
3. Describe the various kinds of bank?
4. Write sources of long term finance?
5. Under what circumstances can a cheque be dishonored by the bank?
6. List the profitable and non profitable uses of bank funds?
7. Explain purchaseing power parity theory?
8. What is meant by balance of payment? Explain.
9. Centr&-bank acts as a clearinghouse. Discuss?
10. Define Credit Instruments?
11. Describe the advantages of clearing houses?
12. Differentiate inland and foreign Bill of Exchange?
13. Differentiate a cheque and a bill of Exchange?
14. State the kinds of bank account?
15. What is a promissory note? State the parties to it?
16. Describe the evaluation of riiodern banking?
17. What is meant by cross cheque and name the parties to a cheque?
18. Write the origin of the state bank of Pakistan?
19. Differentiate Mortgage and Pledge?
20. Define Endorsement and describe its kind?
21. What is a bank draft? Explain?
22. What do you know about E- Banking?
23. Explain the purchasing power parity theory?
24. List the various methods of credit control?
25. Describe the procedure of opening a bnak account?
26. Explain balance of Trade and balance of Payment?
27. Explain the rate of foreign exchange?
28. List the main item of Balance of Payment?
29. What is the relationship between Schedule Bank and Control Bank?
30. What is meant by Noting and Protesting?
31. What are the safety measures for a bank to issue loans?
32. Briefly describe the principles of investments by a bank?
33. What is meant by dishonour cheque?
34. Describe the sources and usage of Bank Funds?
35. Define the kinds of mortgage and also describe Secure and Unsecured loans
2. Write a note on clearing house service?
3. Describe the various kinds of bank?
4. Write sources of long term finance?
5. Under what circumstances can a cheque be dishonored by the bank?
6. List the profitable and non profitable uses of bank funds?
7. Explain purchaseing power parity theory?
8. What is meant by balance of payment? Explain.
9. Centr&-bank acts as a clearinghouse. Discuss?
10. Define Credit Instruments?
11. Describe the advantages of clearing houses?
12. Differentiate inland and foreign Bill of Exchange?
13. Differentiate a cheque and a bill of Exchange?
14. State the kinds of bank account?
15. What is a promissory note? State the parties to it?
16. Describe the evaluation of riiodern banking?
17. What is meant by cross cheque and name the parties to a cheque?
18. Write the origin of the state bank of Pakistan?
19. Differentiate Mortgage and Pledge?
20. Define Endorsement and describe its kind?
21. What is a bank draft? Explain?
22. What do you know about E- Banking?
23. Explain the purchasing power parity theory?
24. List the various methods of credit control?
25. Describe the procedure of opening a bnak account?
26. Explain balance of Trade and balance of Payment?
27. Explain the rate of foreign exchange?
28. List the main item of Balance of Payment?
29. What is the relationship between Schedule Bank and Control Bank?
30. What is meant by Noting and Protesting?
31. What are the safety measures for a bank to issue loans?
32. Briefly describe the principles of investments by a bank?
33. What is meant by dishonour cheque?
34. Describe the sources and usage of Bank Funds?
35. Define the kinds of mortgage and also describe Secure and Unsecured loans
Section C: (Detailed Answers Questions)
1- Define bank and describe in detail the functions of a commercial bank?
2- Define bank funds and explain in details the principle of employing bank fund?
(OR)
3- Describe various types of exchange control. What are the objectives of exchange control?
4-What is foreign exchange? Why do foreign exchange rates fluctuate?
5- Define a bank and describe the functions of a commercial bank?
6- Define a central bank and describe the function of a central bank! State bank of Pakistan?
7- What is meant by Letter of credit and describe the procedure of opening a letter of credit?
8- What is meant by bill of exchange and define the various kinds of bill of exchange?
9- Describe the qualities of a Good Banking system?
10- Explain the different kinds of a bank?
11- Describe the methods of Credit Control by a Central Bank?
12- Define a cheque and its kinds, and also describe the parties to a cheque?
13- Define Bill of Exchange and explain its kinds?
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