Which area of the banks has been neglected while making reforms?

• A) E-banking
• B) Finance
• C) Human resource
• D) Payment system

How we can describe the mutual fund family?

• A) A group of fund that is managed by the single person
• B) A group of funds that are marketed under one or more brand names
• C) A group of fund that is managed by the single company
• D) A group of fund that is controlled under the same head

Establishment year of ICP is:

• A) 1960
• B) 1966
• C) 1970
• D) 1973

Which of the following is responsible for granting credit rating to Banks?

• A) National Accountability bureau
• B) State Bank of Pakistan
• C) Pakistan credit rating agency (PACRA)
• D) Federal revenue department

Banks are required to assess themselves from which of the following?

• A) Ministry of finance
• B) Chamber of commerce
• C) State Bank
• D) Credit rating agencies

What is the paid up capital requirement of microfinance at provincial level?

• A) Rs. 700 million
• B) Rs. 100 million
• C) Rs. 500 million
• D) Rs. 250 million

Mr. A wants to start a small size business unit in his own village, for this purpose he will apply for which type of loan?

• A) Mortgage loan
• B) Auto loan
• C) Business finance loan
• D) None of the given options

Mr. A wants to build his home for this purpose he will apply for which of the following type of loan?

• A) Corporate loan
• B) Indirect auto loan
• C) Mortgage loan
• D) Auto loan

As a depositor, you want high return on your saving, you will go for the bank with _____.

• A) AA rating
• B) B rating
• C) B or C rating
• D) C rating

Khushali Bank is a ___________

• A) A leasing company
• B) A Micro finance institution
• C) An insurance company
• D) Central regulatory bank

NIT stands for:

• A) National Institute of Technology
• B) Network Integration Testing
• C) National Investment Trust
• D) Negative Income Tax

National investment trust is also called as:

• A) Close ended mutual fund
• B) Money market fund
• C) Open ended mutual fund
• D) Income & Growth fund

Which of the following statement is NOT true about open ended mutual funds?

• A) None of the given options
• B) The funds redeem shares at net asset value
• C) The funds offer professional management to Investors
• D) The funds ensure investors guaranteed rate of return

Mutual funds are associated to a special group which is called:

• A) Banks
• B) Insurance companies
• C) Pension funds
• D) Investment companies

The discounting rate of the first class bills by the State Bank is called:

• A) Loan rate
• B) Bank rate
• C) Discounting rate
• D) Prime lending rate

Which of the following party is NOT involved in Demand draft procedure?

• A) Credit department
• B) Payee Bank
• C) Issuing Bank
• D) Purchaser

Which of the following involves transfer of instructions to Drawee branch in coded language and under confidential number known as Test Number?

• A) Online transfer
• B) Telegraphic transfer
• C) Pay order
• D) Demand draft

A loan is entailed to redistribute the _______over time, between the lender and the borrower.

• A) Financial assets
• B) Financial instruments
• C) Financial debts
• D) Financial liabilities

One restriction in case of saving account is the unlimited withdrawals up to the extent of deposit in the account. This restriction by the bank is known as:

• A) Loan clues
• B) Loan cover
• C) Loan covenants
• D) Loan favorite

Which of the following statement is TRUE about money market securities?

• A) Generally they have low risk
• B) They are short term securities
• C) All of the given options
• D) They pay a fixed income