Which of the following refers to “a bank for the time being included in the list
of banks maintained under sub-section (1) of Section 37; under Banking
Companies Ordinance, 1962”?
Scheduled Bank
Commercial Bank
Investment Bank
Financial Intermediary
LESSON 8
"Scheduled bank" means a bank for the time being included in the list of banks
maintained under subsection of Section 37.
Which of the following is a negotiable instrument and has been defined in
section 5 of the Negotiable Instruments Act, 1881?
Bills of Exchange
Bankers' Acceptances
Repurchase Agreements
Eurodollars
LESSON 4
Bill of exchange Defined and Explained: It is an important form of a negotiable
instrument and has been defined in section 5 of the Negotiable Instruments Act,
1881.
Which of the following is a bank under Section 3 of SBP Banking Services
Corporation Ordinance, 2001?
Sole Proprietorship
Association of Person
Hindu Undivided Family
Body Corporate
LESSON 16
Under Section 10 (Penalty) of the Co-operative Societies and Co-operative
Banks (Repayment of Loans) Ordinance, 1966, if a person whoever Page 2
contravenes any of the provisions of this Ordinance or the
rules made shall be punishable with imprisonment of which of the following?
Term which may extend to five years
Term which may extend to six years
Term which may extend to seven years
Term which may extend to eight years
LESSON 18
Penalty: Sec 10
Whoever contravenes any of the provisions of this Ordinance or the rules made
there under shall be punishable with imprisonment for a term which may extend to
seven years.
According to the State Bank of Pakistan Act, 1956, “Central Board” refers to
which of the following?
Central Board of Revenue
Central Board of Directors of the Bank
Central Board of Information Technology
Central Board of Investments
LESSON 16
According to Section 17 of Banking Companies Ordinance, 1962, the banking
company cannot create charge on which of the following?
Paid up capital
Issued capital
Unpaid capital
Subscribed capital
LESSON 12
Prohibition of charge on unpaid capital: Sec 17
No banking company shall create any charge upon any unpaid capital of the
company and such charge, if created, shall be invalid.
Which of the following condition(s) makes the purpose of the trust unlawful?
If it is forbidden by law
If it is fraudulent
If it involves or implies injury to the person or property of another
All of the given options
LESSON 10
According to Section 36 of Banking Companies Ordinance, 1962, the banking
company should submit its financial statements and the audit report to the
State bank within which of the following periods? Page 3
2 Months
3 Months
4 Months
6 Months
LESSON 14
Which of the following Countries, an ombudsman was first established?
LESSON 15
Which of the following is the function(s) of commission under Section 7 of
To conduct open competitive examinations for recruitment to Grade III or higher
posts in the financial institutions
To conduct interviews and tests for recruitment to posts in grades higher than Grade
III
To conduct tests for promotion of existing employees from lower cadres to Grade III
and above
All of the given options
LESSON 18
Which of the following refers to “a person employed to do any act for another
person or to represent another person in dealing with a third person”?
Employee
Agent
Representative
Shareholder
LESSON 22
Agent is a person employed to do any act for another or to represent another in
dealing with a third persons.
Which of the following terms is NOT defined by the Companies Ordinance,
1984?
Paid-up capital
Debenture
Dividend
Preference share
LESSON 12
The term dividend has not been defined in the Companies Ordinance. Page 4
Which of the following should be the face value of share of
a bank under Section 6 of SBP Banking Services Corporation Ordinance,
2001?
Rs. 10
Rs. 1,000
Rs. 100,000
Rs, 1,000,000
LESSON 17
Share capital and limited liability: Sec 6: The authorized share capital of the Bank
shall be one billion rupees or such other amount the State Bank may, from time to
time, determine by order in writing and shall be divided into shares of one million
rupees each.
14th century, Banking in structured form started in which of the following
countries?
Ref: Banking in structured form started in England
th
century.
According to Section 20 of Banking Companies Ordinance, 1962, of the
following who CANNOT be a director of the banking company?
Any person who is a director in any other banking company
A federal or provincial minister
A person in the service of Pakistan
director
All of the given options
LESSON 16
Which of the following terms is used under the Co-operative Societies and Co-
operative Banks (Repayment of Loans) Ordinance, 1966 for a loan which is not
secured by mortgage, pledge, hypothecation or assignment of such property
of the borrower, as in the case of a loan not exceeding five hundred thousand
rupees?
Unsecured Loan
Secured Loan
Insufficiently Secured
Insufficiently Unsecured
Which of the following refers to “U.S. dollars deposited in foreign branches of
Bills of Exchange
Bankers' Acceptances
Repurchase Agreements
Eurodollars
LESSON 4
According to Section 4 of State Bank of Pakistan
following should be the original Capital of the Bank?
Rs. 20 Millions
Rs. 30 Millions
Rs. 40 Millions
Rs. 50 Millions
LESSON 16
Share Capital: Sec 4: The original share capital of the Bank shall be three corers of
rupees.
In which of the following years, an ombudsman was first established?
1806
1809
1919
1929
LESSON 15
According to Section 23 of Banking Companies Ordinance, 1962, a subsidiary
to banking company can perform which of the following function(s)?
To carry on of banking business strictly in conformity with Islam
To carry on business of modaraba
Such other purposes as are incidental to the business of banking
All of the given options
LESSON 12
Sec 23, (aa) the carrying on of banking business strictly in conformity with the
Injunctions of Islam as laid down in the Holy Quran and Sunnah;’’ the undertaking of
the administration of estates as executor, trustee or otherwise.
(bb) the carrying on of business of modaraba under the provisions of the Modaraba
Companies and Modaraba (Floatation and Control) Ordinance 1980 the providing of
safe deposit vaults, with the previous permission in writing of the State Bank, the
carrying on of the business of banking exclusively outside Pakistan
(dd) the conduct of any from of business permitted by section 7.
(e) Such other purposes as are incidental to the business of banking.
Which of the following markets may, at preliminary stage, be termed as
“market for bonds and stock market”?
Equity Market Page 6
Financial Market
Primary Market
Secondary Market
LESSON 3
Which of the following studies theory of legislation, precedent and customs?
Analytical Jurisprudence
Historical Jurisprudence
Ethical Jurisprudence
Behavioral Jurisprudence
LESSON 2
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According to the State Bank of Pakistan Act, 1956, “The Bank” refers to which
of the following?
Commercial bank
Investment Bank
Islamic Bank
State Bank of Pakistan
LESSON 17
"Bank" means the SBP Banking Services Corporation established under section 3
Which of the following is the function(s) of commission under Section 7 of
To conduct open competitive examinations for recruitment to Grade III or higher
posts in the financial institutions
To conduct interviews and tests for recruitment to posts in grades higher than Grade
III
To conduct tests for promotion of existing employees from lower cadres to Grade III
and above
All of the given options
LESSON 18
In 14th century, Banking in structured form started in which of the following
countries?
Ref: Banking in structured form started in England
th
century.
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All of the following are types of financial market, EXCEPT: Page 7
Foreign exchange markets
Stock markets
Bond markets
Future markets
LESSON 3
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Which of the following is also known as Repos?
Bills of Exchange
Bankers' Acceptances
Repurchase Agreements
Eurodollars
LESSON 4
Which of the following refers to “rules that regulate the conduct of individuals,
businesses, and other organizations within society”?
Jurisprudence
Law
Legal system
Legal opinion
LESSON 2
“The law consists of rules that regulate the conduct of individuals, businesses, and
other organizations
within society”
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Which of the following is also called the Legal Mortgage?
Equitable Mortgage
Registered Mortgage
Un-registered Mortgage
Non-equitable Mortgage
LESSON 12
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