Question: Choose the correct answer without explanation Choose the right answer from the given four options to each question from question number 1 to 5 .

Choose the correct answer without explanation Choose the right answer from

Choose the correct answer without explanation

Choose the right answer from the given four options to each question from question number 1 to 5 . (52=10) Each right answer carries TWO marks. 1. is an instrument which is an order to pay. A. Draft B. Loan C. Endorsement D. Security interest 2. Settlement means: A. Long term loan B. Payment by remittance C. Certificate of deposit D. Time deposit 3. Approval of the application to engage in banking business in the Sultanate shall be made by A. Board of Governors, Central Bank B. Ministry of Finance C. Board of Governors, Ministry of Finance D. Ministry of Manpower 4. A domestic bank is authorized to begin its business under A. Finance law B. Commercial Companies Law C. International banking law D. Regional banking law

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