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Principles Of commerce MCQs  Click to attempt Test  https://forms.gle/anx9WMRMYieesdpT8  

                           Complete Banking Notes     Q10) What are the Methods of Foreign Remittance / Tools . Ans. The following methods of foreign remittance are given below. 1. Bank draft. 2. Telegraphic transfer. 3. Bill of exchange. 4. Postal Order.   1. Bank draft. A draft is a cheque drawn by one branch of a bank upon another situated at any other place required to pay a fixed / certain amount of money to a specified person or by his order. A bank draft may either by inland or foreign. Drafts are issued by bankers after receiving written and signed applications. The person is required to remit the required amount of money along with its commission. The banker hands over the draft to the depositors and sends a credit advice to the branch upon which the draft is drawn. 2. Telegraphic transfer. A telegraphic transfer (TT) is an electronic method of transferring funds utilized pr...

                BANKING MCQS TEST        I.         A commercial bank keeps less reserve if          * Cheque is used in most of the transaction             * Clearing house facility is available             * Rediscounting facility is available                           * all of these     II.         An endorsement is said to be Restrictive endorsement, if the endorser          * signs his name only                          ...

 ECNOMICS MCQS TEST        i.         The Quantity of good which is offered for sale at a given price is called              *  Supply            * Demand           *  Stock             *   Goods        ii.         Law of diminishing marginal utility is also called           *Gossen’s first law         * Gossen’s second law                  * Law of rational behavior         * None of these       iii.         Same price mo...

 Principles Of  Commerce  Solved Guess paper 2021 Q) Define commerce/ business , Trade , Profession and industry .                                                             Commerce/Business Definitions: According to STRAUB and ATTNER        “A business is an organization engaged in producing goods and services to make a profit”     According to THOMAS EVELYN       “A business embraces all those functions involved in making, buying and transportation of goods”   Trade Definition: Trade refers to the exchange of goods only. It involves buying and selling. Classification: Trade is a bran...

 POC SOLVED MODEL PAPER CLASS XI . Describe Means of transportation.    CHANNEL/MEANS OF TRANSPORTATION.          Following are the channels of transportation. 1- LAND TRANSPORT.                Trains, trucks and pipelines are the main means of transportation. Trains are very helpful in transporting heavy goods. They are being applied overseas on international routes.               Trucks are another useful mean of transportation. They are being successfully used Within and among the cities and countries.               Pipelines are used to transfer oil, gas and water. They are also used to export or import oil and gas. 2- AIR TRANSPORT.               It is...

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Banking Notes Urdu  بینک کی تعریف بیان   کریں بینک ایک مالی ادارا ہے جو لوگوں کی امانتیں قبول کرتا ہے اور قرض جاری کرتا ہے۔تجارتی بینک مخصوص نوعیت کا زری کاروبار سر انجام دیتا ہے یعنی امانتیں وصول کرنا،ہنڈیوں پر بٹہ لگانا ،غیر ملکی زرمبادلہ کا لین دین کرنا ،قرضے جاری کرنا،سٹاک  ایکسچینج سے کفالتوں کی خریدوفروخت کرنا،گاہکوں کے لیئے ایجنٹ کے طور پر کام کرنا،گاہکوں کی املاک کے لیے ٹرسٹی  کے طور پر کام کرنا وغیرہ۔ پروفیسر کراؤتھر کے مطابق                      بینک ایک ایسا ادارہ ہے جو قرض جاری کرنے کے لئے قرض لیتا ہے۔اور اس طرح زر اعتبار تخلیق کرتا ہے''        ایچ۔ایل۔ہارٹ کے مطابق ،                  بینک یابینکارایسا شخص کمیٹی ہے جو اپنے کاروبارکے دوران حساب جاری میں وصول کی ہوئی امانتوں کے خلاف چیک ادا کرتا ہو۔ جے۔ڈبلیو۔گلبرٹ کے مطابق  ...