Grade 12 Banking
Grade 12 Banking
SECTION – A (Marks:15)
1. The role of which people considered important for the evolution of bank?
(a) Kings (b) Merchants (c) Goldsmith (d) All of these
2. Habib Bank limited is a -----------------Bank.
(a) Schedule (b) Non-schedule (c) Unregistered (d) None of these
3. Which one of the following is not a factor of cash reserve?
(a) Nature of accounts (b) Habits of saving (c) Trust in Bank (d) Training centers
4. the most widely used tool of central bank is______.
(a) Direct action (b) Open market operation (c) bank rate (d) credit rationing
5. Profit and loss sharing accounts was introduced I Pakistan on ------------------
(a) January, 01, 1981 (b) June, 01 ,1981 (c) December,01 ,1981 (d) None of these
6. A cheque cannot be cashed at bank’s counter is called__________.
(a) Bearer (b) Order (c) Crossed (d) Plain
7 .Postal order is a--------------------
(a) Negotiable instrument (b) Non-negotiable (c) Non exchangeable (d) None of these
8. The cheque, which involves no restrictions and any person can withdraw money without giving his
identification:
(a) Bearer Cheque (b) Crossed cheque (c) Order cheque (d) Lost cheque
9. The primary function of commercial bank is:
(a) Accepting deposits (b) advancing loans (c) Transacting foreign exchange (d) Advice to customers
10. Bill of exchange can be cashed from bank before maturity through:
(a) Overdraft (b) Renewal (c) Discounting (d) through investment
11. The endorsement after which the cheque cannot be endorsed further:
(a) Facultative (b) Restricted (c) Partial (d) Conditional
12. A cheque, which contains a future date, is called:
(a) Out Dated cheque (b) Post Dated cheque (c) Open cheque (d) All of these
13. Term discounting is related to:
(a) Bill of exchange (b) Cheque (c) promissory notes (d) None of these
14. When there is no branch of state bank, clearing house function is performed by:
(a) Habib bank (b) United bank (c) National bank (d) Allied bank
15. The word “bank” has been derived from the Italian word:
(a) Back (b) Banque (c) Banco (d) All of these
Pakistan School, Kingdom of Bahrain
HSSC Pre Board Examination, June 2021
SECTION –C SUBJECTIVE
ATTEMPT ANY TWO OF THE FOLLOWING QUESTIONS: (12×2=24)
1. Define cheque. Write down the main parties and types of cheque in detail.
2. What are functions of central bank?
3. Differentiate between Schedule and Non-schedule bank.