1 |
if borrows Rs 100,000 for 3 year at rate of 16% p.a. What is mark up to pay? |
- A. Rs.480
- B. Rs.4,800
- C. Rs.48,000
- D. Rs.50,000
|
2 |
A machine installed by the bank to dispense cash to customer is called |
- A. computer
- B. scanner
- C. ATM
- D. card reader
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3 |
The person who draws,s the bill of exchange is called |
- A. drawee
- B. drawer
- C. payee
- D. lessee
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4 |
The percentage of profit or markup charged is |
- A. principal
- B. time
- C. interest
- D. rate
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5 |
If Rs.1000 is deposited in saving account @ 10% p.a profit how much profit would a person get after one year? |
- A. Rs.1,100
- B. Rs.10,000
- C. Rs. 11,000
- D. Rs 100,000
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6 |
The major types of accounts which can be maintained with banks to keep the deposits or surplus fund are. |
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7 |
an order to pay money drawn by one branch of a bank upon another branch of the same bank for an amount of money payable to or order of payee or on demand is called |
- A. pay order
- B. bank
- C. bank order
- D. none of these
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8 |
Every year profit on profit along with principal amount is called:  |
- A. compound profit
- B. simple profit
- C. permium
- D. markup
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9 |
In Pakistan the current account can be opened with minimum amount of |
- A. Rs.100 to Rs.500
- B. Rs.1000 to 5000
- C. Rs.5000 to 10000
- D. Both (b) and (c)
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10 |
The person or entity whose insurance is being done is called |
- A. insurer
- B. insured
- C. drawer
- D. lessee
|