Write short answers to any SIX (6) questions 6. What is Bank Rate Policy?
1. How was the word Bank derived?
7. Write down the methods for the formation of a
2. Write any four points of the prospectus of Bank. Bank.
5. What is meant by open market operation, a Write short answers to any Six(6)questions:
measure of Monetary Policy? 10. What is meant by Foreign Currency Account
7. What advantages are available to an Account holder 12. What is meant by Trustee?
for opening account?
13. Define Security.
8. Define Cheque Book.
14. What is meant by Mortgage?
9. Which documents are provided by IS. Company for
opening an Account in a Bank? 15. Enlist the name of important types of cheques?
Write short answers to any SIX (6) questions: 16. Define Letter of credit.
10. Define current account.
17. Define bill of exchange.
11. Write any four steps to open a Bank Account.
18. What is meant by Inter Bank Exchange Rate?
12. Which documents are issued by Bank whil g s bank
account to customer?
Write short answers to any Six (6) questions:
19. What is meant by Banks Letter of Credit?
13. Define overdraft.
20. Define Postal Order.
14. Enlist four duties of customer.
21. What is meant by Spot Exchange Rate?
15. What are the reasons of termination of relationship
by bank with Customer? 22. Describe the function of near money in Money
Market.
16. What are credit instruments?
23. Write down the names of departments of State
17. What are the kinds of credit instruments? Bank of Pakistan.
Write short answers to any Six (6 ) questions; 25. Explain Hire Purchase Financing.
19. When State Bank of Pakistan was established?
26. What is meant by A.T.M.?
20. What is meant by proportional reserve system for
Note issue?
27. When the Exchange Rate is favourable for a
country?
21. Name any two devices of quantitative methods for
credit control.
Lahore Board 2013 (Group-I)
Write short answers to any SIX (6) questions: (12)
22. Define Monetary Policy. 28. Define prospectus of a Bank.
24. When, where and which the first Central Bank of 30. Who are the promoters?
the world was established?
31. What are the three facilities available in On Line
25. Define Foreign Exchange Rate. Banking System?
26. What is meant by Foreign Exchange Control? 32. What is A.T.M. Card?
39. Define cheque book. Write short answers to any SIX (6) questions: (12)
19. Define accommodation bill of exchange.
40. What points should a bank take into consideration
while opening an account? 20. Enlist two points of difference between cheque and
bill of exchange.
41. List down the contents of cheque book.
21. Define bank draft.
42. Define security.
22. What is meant by credit instruments?
43. What is meant by pledge?
23. Write down the parties of promissory note.
44. What is meant by marketable securities?
24. Write down four types of business letter of credit.
45. Write two characteristics of bills of exchange.
25. Define I.O.U.
Write short answers to any Six (6) questions:
46. Define letter of credit. 26. Define Bill of Lading.
47. Write down four kinds of letter of credit. 27. What are the parties involved in letter of credit?
48. Describe four advantages of letter of credit. Lahore Board 2014 (Group-I)
Write short answers to any SIX (6) questions: (12)
49. Define bill of lading. 1. How was the word Bank derived?
50. What is credit instrument and write kinds of credit 2. Define minor customer of Bank.
instrument?
3. What is meant by Trustee?
51. Write names of four negotiable instruments.
4. How was the word bankrupt derived?
52. Define crossing of a cheque.
5. Write the names of Development Banks.
53. State kinds of bills of exchange on the basis of place.
6. What is meant by saving Bank?
54. Write down kinds of acceptance of bills of
exchange. 7. Define memorandum of the Bank.
5. Define current account. 12. What type of people Current Account is suitable?
Write short answers to any SIX (6) questions: 17. What is meant by special crossing?
10. Write down four advantages available to account
holder while opening an account in bank. 18. What is endorsement of a cheque?
11. What is meant by foreign currency account? Write short answers to any SIX (6) questions : 12
19. What is meant by term credit?
12. Define secured and non-secured loans.
20. Define crossing of cheque.
13. What precautions should be considered by bank at
the time of advancing loans? 21. Define negotiable-instruments of credit.
14. Define the term pledge. 22. What are the parties of bank draft?
17. How the use of cheque can be increased? 25. Define circular note.
26. Define importer and exporter. 7. Define A. T. M.
2. What are different forms of cash reserve of bank? 11. Define secured loan.
Write short answers to any SIX (6) questions: Write short answers to any SIX (6) questions:
10. Define Bank Account. 19. Define bill of exchange.
12. What is the rate of deduction of Zakat on Current 21. What is meant by term credit?
Account?
22. What are the parties of bank draft?
13. What are the important sources of Bank funds?
23. Define money order.
14. Define secured loan.
24. Define non-negotiable instruments.
15. Define security.
25. What is meant by circular note?
16. Point out the principles of advancing loan.
Define the term Pledge 26. Define promissory note.
Write short answers to any SIX (6) questions Lahore Board 2015 (Group-II)
18. What is drawer of a bill of exchange? Write short answers to any SIX (6) questions:
28. How bank word is derived?
19. Describe the kinds of a bill of exchange.
29. Define exchange bank.
20. What is meant by sight bill?
30. Define saving bank.
21. What is retirement of bill of exchange?
31. Define memorandum of bank.
22. Define promissory note.
32. Define scheduled bank.
23. What is non-negotiable instruments.
33. Define joint account holder.
24. What is meant by travellers Letter of Credit?
34. Define bank customer.
25. What is importer?
35. What is PIN code?
26. What is Documentary Letter of Credit?
36. Define debit card.
Lahore Board 2015 (Group-I)
Write short answers to any SIX (6) questions: Write short answers to any SIX (6) questions:
1. Define bank. 37. Define personal guarantee.
2. The derivation of the world Bank has been differently given by different authors. Same authors think that the word BANK has been
derived from the Italian word BANCHI or BANCHERII. The payable used in Italian Business Houses. Some believe that it is derived
from the German word BANCK meaning heap or mounds. The first public bank of Venice established on 1157 is considered as the first
ever Public Bank.
5. Define prospectus. *
7. Define goldsmith.
9. What is promotion?
14. What advantages are available to an Account holder for opening account?
33. What are the three facilities available in On Line Banking System?
58. Which documents are issued by Bank whil g s bank account to customer?
61. What are the reasons of termination of relationship by bank with Customer?
74. What points should a bank take into consideration while opening an account?
79. Write down four advantages available to account holder while opening an account in bank.
82. What precautions should be considered by bank at the time of advancing loans?
108. Name any two devices of quantitative methods for credit control.
110. When, where and which the first Central Bank of the world was established?
111. Define Foreign Exchange Rate.
131. Enlist two points of difference between cheque and bill of exchange.
134. Credit Instruments are the documents describing details of credit and debit. Credit Instruments provide a written means for future
reference describing terms and conditions of any debt and loan. Credit Instruments may be an order for payment of money to a specified
person or it may be a promise to pay the loan. Credit Instruments generally in use are cheques, bills of exchanges, bank overdraft etc.
159. According to the negotiable instruments Act under Section 13-A, A negotiable instrument means a cheque promissory note and a bill of
exchange which are payable to the bearer of the instrument or the person to be ordered.
Features of Negotiable Instruments
i. It must be unconditional
ii. It must be in writing
iii. It is payable on demand or the period for the payment which is determined.
164. Non-Negotiable Instruments cannot be transferred or the documents which are restricted to transfer by the issuer e.g. Money Order,
Postal Order, Shares Certificate etc. Such documents appears at the name of the beneficiary and the payments are made only to those
persons to whom the instruments are made payable.