BANKING HSSC-I 20 SECTION ~ A (Marks 15) Time allowed: 20 Minutes Version Number | 4107 [7 Note: Section ~ A is compulsory. All parts of this section are to be answered on the separately provided 7 OMR Answer Sheet which should be completed in the first 20 minutes and handed over to the Gentre Superintendent. Deleting/overwriting is not allowed. Do not use lead pencil. Q.4 Choose the correct answer A/ B/C /D by filling the relevant bubble for each question on the OMR Answer Sheet according to the instructions given there. Each part carries one mark. ~ 1) Chartered Bank of England was formed by: A. Royal order B. Special ordinance Companies ordinance D. Sole tradership - 2) The word “bank” has been derived from German word: ae A Back B. Bancus Cc. Banque D. Banco 3) When there is no branch of State Bank, clearing house function is performed by: om A National Bank B. HabibBank C,-—“United Bank. Allfled Bank = 4) Formula of credit creation is: foe New Depew ee B. Reserve Ratiox ae = Reserve Ratio New Deposit = ¢, New Depositx Reserve Ratio i 100 100 ‘New Deposit Reserve Ratio i 5) When a non-scheduled bank wants to change its status, in addition to memorandum and articles it should also submit = A. Audited Annual Report B. Prospectus Cc. Balance Sheet D. income Statement ae 6) Whatis an actual delivery of rights as well a possession of good/property to bank against loan? a A Mortgage = B.S Lein Cc. . Pledge D. —_Hypothecation 7) Payin slip book is aiso called: A. Depositbook 8 — Passbook © C. Cheque book —D. TOR cr 8) Taxis NOT deducted from___ account. a A Saving B Current c. Fed D. Foreign currency 8} Which type of endorsement has no legal value? a A General B Special © Partial D. Restricted — 10) For which negotiable instrument grace days are provided? _ A Cheque B. Bill ofexchange ©. Promissory note D. Bank draft a 11) Bank charges commission for issuing a: - A Cheque B, ill ofexchange C. Promissory note D. Bank draft cant 42) ‘The means and methods by which right to wealth is expressed in terms of currency of one country are converted into right to wealth in terms of currency of another country are known as: A Foreign exchange 8. Exchange rate - ©. Exchange control D. Exchange market: te 13) Governor of state bank is appointed for: A 3years B Ayears Cc. Syears D. 2 years rm 14) Reserve Bank of India was formed in: ae A 1930 B 1932 Cc 1935 D. 1836 18) The payment of letter of credit is NOT confirmed because bank or importer may cancel it at any oe time: = A RevocableLC B. —ImevocableLC C. Confirmed LED. 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Pike, «3 dew D debt c 8 dee A t_pPepiiex, (td a6 OO 1938 ne 8 v@30 A PLP BS SNL IL LuSssmit 15 sostus 8 wiped dD wise 6 2H t907—2) BANKING HSSC-I Time allowed: 2:40 Hours Total Marks Sections B and C: 60 NOTE: Answer any nine parts from Section ‘B’ and any two questions from Section ‘C’ on the separately provided answer book. Use supplementary answer sheet i.e, Sheet-B if required. Write your answers neatly and legibly. ‘SECTION — B (Marks 36) @.2 Answer any NINE parts. The answer to each part should not exceed 2 to 4 lines. (9x4=36) (What do you know about development banks? (i) Wrte any four advantages of clearing house. (li) Briefly explain two methods of issuing currency notes. (iv) Write any four factors that affect cash reserve. (W) Describe any four limitations of credit creation, (Vv) Whatiis the procedure of converting a non-scheduled bank into @ scheduled bank? (vi) List out any four qualities of good security. (vii) Write any four advantages to the Government of opening bank account? (0) What are four elements of cheque? (%) Briefly explain any two differences between general and special crossing (i) Define commercial letter of credit, Also mention its parties. (xi) Describe any four advantages of Exchange Control? SECTION ~ C (Marks 24) Note: _ Attempt any TWO questions. All questions carry equal marks. (2x12=24) 3 Whatare crecit control measures of central bank. 2.4 Differentiate between bill of exchange and promissory note in detail. @.S Discuss ‘Exchange Control. Also explain different methods of ‘Exchange Control. cas Ak) (ae (9x4=36) teen tuy dy a » £(09) 9 etn tious tlie wine dL Ww seen Lue. o # (wy wpferguarlifies — (i) wi feet fost ip whys lowe wi ® afteke EL Lope SMe wi) ea KeyheAendey — 60 (244) pri (2x12=24) Curae AL Rede » ab) Lasgo R PRES ysibAesip tAbir Lois trent fase Abr fab, pine fetghy Eee oder ~— 26a 1907