Short Questions

Lahore Board 2012 (Group-I) 5. Define Scheduled Bank.
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.
3. Define pay-in-slip. 8. What is meant by Saving Account?
4. Define Balance Sheet of a Bank. 9. Define Agricultural Development 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
6. List down four benefits of Scheduled Bank. 11. Define Banker.
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.
18. Define cheque. 24. What is meant by Credit Card?
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.
23. Define loan. 29. What is meant by Cooperative 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?
27. What is meant by Nationalization of Banks? 33. What is E-Banking system?
Lahore Board 2012 (Group-II) 34. What is meant by joint customer?

Write short answers to any SIX (6) questions:
1. What is Bank? 35. Explain the way to be a customer of a Bank for non-
trading concern.
2. Write stages of evolution of Bank.
36. Define Banker.
3. Define Saving Bank.
4. Define prospectus. 37. Write two reasons for opening an account in Bank.
38. What is meant by pay-in-slip? 18. What are un-negotiable credit instruments?
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)
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.
Lahore Board 2013 (Group-II) 8. What are the products of E-Banking?

1. Define bank. 9. What are purposes of using credit card?
2. Define goldsmith. Write short answers to any SIX (6) questions: 12

10. What are information given in Account Opening
3. What is promotion? Form.
4. What is pin code? 11. What is Pay-in-Slip Book?
5. Define current account. 12. What type of people Current Account is suitable?
6. What is non-schedule bank? 13. Define Security.
7. What is customer? 14. Define Cheque.
8. What is agent and principal? 15. Who is the Drawee of a cheque?
9. What is mental customer? 16. What is order cheque?
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?
15. What is meant by mortgage 23. Define promissory note.
16. Define cheque endorsement. 24. Define inland bill of exchange.
17. How the use of cheque can be increased? 25. Define circular note.
26. Define importer and exporter. 7. Define A. T. M.
27. Define travelers letter of credit. 8. Define minor customer of bank.
9. Define memorandum of the bank.

Lahore Board 2014 (Group-II)
Write short answers to any SIX (6) questions : 12 Write short answers to any SIX (6) questions:
1. What is bank? 10. What are sources of bank fund?
2. What are different forms of cash reserve of bank? 11. Define secured loan.
3. What are the limitations of credit creation? 12. Define overdraft.
4. Define articles of Bank. 13. Define medium term loan
5. Define credit card. 14. Define security.
6. Describe the principles of central Bank. 15. Define bill of lading.
7. Write down the effects of inflation. 16. Define pledge.
8. Define scheduled Rank. 17. Define pay in Slip.
9. Define Bank customer. 18. Define order cheque.
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.
11. Define Foreign Currency Account. 20. Define negotiable instruments.
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.
17. Define Mortgage. 27. Define importer and exporter.
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.
Write short answers to any SIX (6) questions: Write short answers to any SIX (6) questions:
1. Define bank. 37. Define personal guarantee.
2. Define saving bank. 38. Define the term Lien
3. Define central bank. 39. What is meant by credit instruments?
4. Define clearing house. 40. List out the elements of a cheque.
5. Define exchange bank. 41. Define order cheque.
6. Define scheduled bank. 42. Who is drawer of a cheque?

43. Define security. What is cash reserve? Discuss various factors which
determine the volume of cash research.
44. Define central bank. Define monetary policy and explain its objectives.
What is the procedure of opening bank account?
45. What is fixed fiduciary system? Differentiate between a scheduled and non-scheduled
bank.
Describe definition and advantages of a bill of exchange.
Write short answers to any SIX (6) questions: Lahore Board 2013 (Group-II)
46. Define bill of exchange. Differentiate between a scheduled bank and non-
scheduled bank.
47. Define payee. Explain the role or importance of Central Bank.
Define security and discuss the qualities of good security.
48. Define letter of credit. Define bill of exchange and describe its advantages.
Described merits and demerits of nationalization of Banks.
49. Define treasury bill. Lahore Board 2014 (Group-I)
Explain the role of banks in the economic development.
50. Define circular note. Define Monetary Policy and explain its objectives.
Why is opening an account in Bank necessary? Write in
51. What is renewal of bill? detail.
Write a note on Industrial Development Bank of Pakistan.
Discuss the quantitative methods of credit control.
52. What is accommodation bill? Lahore Board 2014 (Group-II)
Describe the main functions of a Commercial Bank.
53. Write parties of promissory note. Explain the various methods of issuing currency notes.
What do you know about Foreign Currency Account?
54. Define stock certificate. Discuss its features.
Write causes and advantages of nationalization of Banks.
Part II (Long questions) Write the causes of dishonour of a cheque.
Lahore Board 2012 (Group-I) Lahore Board 2015 (Group-I)
Describe the various kinds of the Bank. Differentiate between commercial and central bank.
Discuss the Qualitative methods of credit control. Define monetary policy and explain its objectives.
Define security and explain the features of good security. Differentiate between saving account and fixed deposit
Define clearing house. What are its advantages? account.
Explain the importance of Central Bank. Write functions of State Bank of Pakistan.
Lahore Board 2012 (Group-II) Describe the methods of foreign exchange control.
Write noses on the following: Lahore Board 2015 (Group-II)
(a) Memorandum of Association. Discuss role of commercial banks in the economic
(b) Articles of Association. development of a country.
What is difference between cheque and Bills of Exchange. Describe functions of central bank.
What is cheque and explain Its characteristics. Write the introduction of various accounts of bank.
What are the precautionary measures used by Commercial Explain the role of the State Bank of Pakistan in economic
Banks while advancing loans? Explain. development.
What is procedure of opening Current Account? Explain the concept and importance of foreign exchange.
Write short answers to any SIX (6) questions
1. How was the word Bank derived? ***
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.
3. How was the word bankrupt derived?
4. Define bank. ****
5. Define prospectus. *
6. Write any four points of the prospectus of Bank.
7. Define goldsmith.
8. Who are the promoters?
9. What is promotion?
10. Define pay-in-slip. ****
11. Define loan.
12. Define Balance Sheet of a Bank.
13. What is meant by open market operation, a measure of Monetary Policy?
14. What advantages are available to an Account holder for opening account?
15. Define Cheque Book. **
16. Which documents are provided by for opening an Account in a Bank?
17. Write stages of evolution of Bank.
18. Define saving bank. ***
19. Define Agricultural Development Bank.
20. What is meant by Cooperative Bank?
21. Define central bank.
22. Define exchange bank.
23. Define scheduled bank.**
24. List down four benefits of Scheduled Bank.
25. What is non-schedule bank?
26. Write the names of Development Banks.
27. What is Bank Rate Policy?
28. Write down the methods for the formation of a Bank.
29. What is meant by Saving Account?
30. Define current account. **
31. Define Bank Account.
32. Define Foreign Currency Account.
33. What are the three facilities available in On Line Banking System?
34. What is A.T.M. Card? ***

35. What is E-Banking system?
36. What is meant by joint customer?
37. Explain the way to be a customer of a Bank for non-trading concern.
38. Define Banker. **
39. What is pin code? **
40. What is agent and principal?
41. Define minor customer of Bank. **
42. Define memorandum of the Bank.
43. What are the products of E-Banking?
44. What are purposes of using credit card?
45. What are different forms of cash reserve of bank?
46. What are the limitations of credit creation?
47. Define articles of Bank.
48. Describe the principles of central Bank.
49. Write down the effects of inflation.
50. Define Bank customer. ***
51. Define clearing house.
52. Define memorandum of the bank.
53. Define memorandum of bank.
54. Define joint account holder.
55. Define debit card.
56. Define credit card.
57. Write any four steps to open a Bank Account.
58. Which documents are issued by Bank whil g s bank account to customer?
59. Define overdraft. **
60. Enlist four duties of customer.
61. What are the reasons of termination of relationship by bank with Customer?
62. What are credit instruments?
63. What are the kinds of credit instruments?
64. Define cheque. **
65. What is meant by Foreign Currency Account
66. What is meant by Trustee? **
67. Define Security. *****
68. What is meant by Mortgage? **
69. Enlist the name of important types of cheques?
70. Define Letter of credit.
72. What is meant by Inter Bank Exchange Rate?

73. Write two reasons for opening an account in Bank.
74. What points should a bank take into consideration while opening an account?
75. List down the contents of cheque book.
76. What is meant by pledge? ****
77. What is meant by marketable securities?
78. Write two characteristics of bills of exchange.
79. Write down four advantages available to account holder while opening an account in bank.
80. What is meant by foreign currency account?
81. Define secured and non-secured loans.
82. What precautions should be considered by bank at the time of advancing loans?
83. Define cheque endorsement.
84. How the use of cheque can be increased?
85. What are un-negotiable credit instruments?
86. What are information given in Account Opening Form.
87. What type of people Current Account is suitable?
88. Who is the Drawee of a cheque?
89. What is order cheque?
90. What is meant by special crossing?
91. What is endorsement of a cheque?
92. What is the rate of deduction of Zakat on Current Account?
93. What are the important sources of Bank funds?
94. Define secured loan. **
95. Point out the principles of advancing loan.
96. What are sources of bank fund?
97. Define medium term loan
98. Define order cheque.
99. Define personal guarantee.
100. Define the term Lien
102. List out the elements of a cheque.
103. Define order cheque.
104. Who is drawer of a cheque?
105. What is fixed fiduciary system?
106. When State Bank of Pakistan was established?
107. What is meant by proportional reserve system for Note issue?
108. Name any two devices of quantitative methods for credit control.
109. Define Monetary Policy.
110. When, where and which the first Central Bank of the world was established?
111. Define Foreign Exchange Rate.
112. What is meant by Foreign Exchange Control?
113. What is meant by Nationalization of Banks?
114. What is meant by Banks Letter of Credit?
115. Define Postal Order.
116. What is meant by Spot Exchange Rate?
117. Describe the function of near money in Money Market.
118. Write down the names of departments of State Bank of Pakistan.
119. What is meant by Credit Card?
120. Explain Hire Purchase Financing.
121. When the Exchange Rate is favourable for a country?
122. Define letter of credit.
123. Write down four kinds of letter of credit.
124. Describe four advantages of letter of credit.
125. What is credit instrument and write kinds of credit instrument?
126. Write names of four negotiable instruments.
127. Define crossing of a cheque.
128. State kinds of bills of exchange on the basis of place.
129. Write down kinds of acceptance of bills of exchange.
130. Define accommodation bill of exchange.
131. Enlist two points of difference between cheque and bill of exchange.
132. Define bank draft.
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.
135. Write down the parties of promissory note.
136. Write down four types of business letter of credit.
137. Define I.O.U.
138. Define Bill of Lading. **
139. What are the parties involved in letter of credit?
141. Define crossing of cheque.
142. Define negotiable-instruments of credit.
144. Define promissory note. **
145. Define inland bill of exchange.
146. Define circular note.

147. Define importer and exporter.
148. Define travelers letter of credit.
149. What is drawer of a bill of exchange?
150. Describe the kinds of a bill of exchange.
151. What is meant by sight bill?
152. What is retirement of bill of exchange?
153. Define promissory note.
154. What is meant by travellers Letter of Credit?
155. What is importer?
156. What is Documentary Letter of Credit?
158. Define negotiable instruments.
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.
162. Define money order.
163. Define non-negotiable instruments.
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.
165. What is meant by circular note?
166. Define importer and exporter.
168. Define payee.
169. Define letter of credit.
170. Define treasury bill.
171. Define circular note.
172. What is renewal of bill?
173. What is accommodation bill?
174. Write parties of promissory note.
175. Define stock certificate.
1. Part II (Long questions)

Describe the various kinds of the Bank.
Discuss the Qualitative methods of credit control.
Define security and explain the features of good security.
Define clearing house. What are its advantages?
Explain the importance of Central Bank.
Write noses on the following:
(a) Memorandum of Association.
(b) Articles of Association.
What is difference between cheque and Bills of Exchange.
What is cheque and explain Its characteristics.
What are the precautionary measures used by Commercial Banks while advancing loans? Explain.
What is procedure of opening Current Account?
What is cash reserve? Discuss various factors which determine the volume of cash research.
Define monetary policy and explain its objectives.
What is the procedure of opening bank account?
Differentiate between a scheduled and non-scheduled bank.
Describe definition and advantages of a bill of exchange.
Differentiate between a scheduled bank and non-scheduled bank.
Explain the role or importance of Central Bank.
Define security and discuss the qualities of good security.
Define bill of exchange and describe its advantages.
Described merits and demerits of nationalization of Banks.
Explain the role of banks in the economic development.
Define Monetary Policy and explain its objectives.
Why is opening an account in Bank necessary? Write in detail.
Write a note on Industrial Development Bank of Pakistan.
Discuss the quantitative methods of credit control.
Describe the main functions of a Commercial Bank.
Explain the various methods of issuing currency notes.
What do you know about Foreign Currency Account? Discuss its features.
Write causes and advantages of nationalization of Banks.
Write the causes of dishonour of a cheque.
Differentiate between commercial and central bank.
Define monetary policy and explain its objectives.
Differentiate between saving account and fixed deposit account.
Write functions of State Bank of Pakistan.
Describe the methods of foreign exchange control.
Discuss role of commercial banks in the economic development of a country.
Describe functions of central bank.
Write the introduction of various accounts of bank.
Explain the role of the State Bank of Pakistan in economic development.
Explain the concept and importance of foreign exchange.

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Short Questions

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Lahore Board 2012 (Group-I) 5. Define Scheduled Bank.

3. Define pay-in-slip. 8. What is meant by Saving Account?

4. Define Balance Sheet of a Bank. 9. Define Agricultural Development Bank.

6. List down four benefits of Scheduled Bank. 11. Define Banker.

18. Define cheque. 24. What is meant by Credit Card?

23. Define loan. 29. What is meant by Cooperative Bank?

27. What is meant by Nationalization of Banks? 33. What is E-Banking system?

Lahore Board 2012 (Group-II) 34. What is meant by joint customer?

Lahore Board 2013 (Group-II) 8. What are the products of E-Banking?

2. Define goldsmith. Write short answers to any SIX (6) questions: 12

4. What is pin code? 11. What is Pay-in-Slip Book?

6. What is non-schedule bank? 13. Define Security.

7. What is customer? 14. Define Cheque.

8. What is agent and principal? 15. Who is the Drawee of a cheque?

9. What is mental customer? 16. What is order cheque?

15. What is meant by mortgage 23. Define promissory note.

16. Define cheque endorsement. 24. Define inland bill of exchange.

27. Define travelers letter of credit. 8. Define minor customer of bank.

9. Define memorandum of the bank.

3. What are the limitations of credit creation? 12. Define overdraft.

4. Define articles of Bank. 13. Define medium term loan

5. Define credit card. 14. Define security.

6. Describe the principles of central Bank. 15. Define bill of lading.

7. Write down the effects of inflation. 16. Define pledge.

8. Define scheduled Rank. 17. Define pay in Slip.

9. Define Bank customer. 18. Define order cheque.

11. Define Foreign Currency Account. 20. Define negotiable instruments.

17. Define Mortgage. 27. Define importer and exporter.

2. Define saving bank. 38. Define the term Lien

3. Define central bank. 39. What is meant by credit instruments?

4. Define clearing house. 40. List out the elements of a cheque.

5. Define exchange bank. 41. Define order cheque.

6. Define scheduled bank. 42. Who is drawer of a cheque?

1. How was the word Bank derived? ***

3. How was the word bankrupt derived?

4. Define bank. ****

6. Write any four points of the prospectus of Bank.

8. Who are the promoters?

10. Define pay-in-slip. ****

11. Define loan.

12. Define Balance Sheet of a Bank.

13. What is meant by open market operation, a measure of Monetary Policy?

15. Define Cheque Book. **

16. Which documents are provided by for opening an Account in a Bank?

17. Write stages of evolution of Bank.

18. Define saving bank. ***

19. Define Agricultural Development Bank.

20. What is meant by Cooperative Bank?

21. Define central bank.

22. Define exchange bank.

23. Define scheduled bank.**

24. List down four benefits of Scheduled Bank.

25. What is non-schedule bank?

26. Write the names of Development Banks.

27. What is Bank Rate Policy?

28. Write down the methods for the formation of a Bank.

29. What is meant by Saving Account?

30. Define current account. **

31. Define Bank Account.

32. Define Foreign Currency Account.

34. What is A.T.M. Card? ***

36. What is meant by joint customer?

37. Explain the way to be a customer of a Bank for non-trading concern.

38. Define Banker. **