| 1 |
Every year profit on profit along with principal amount is called:  |
- A. compound profit
- B. simple profit
- C. permium
- D. markup
|
| 2 |
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)
|
| 3 |
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
|
| 4 |
The person or entity whose insurance is being done is called |
- A. insurer
- B. insured
- C. drawer
- D. lessee
|
| 5 |
For withdrawal of large amount from saving account, a prior notice is required from |
- A. 1 to 7 days
- B. 7 to 15 days
- C. 15 to 20 days
- D. without any notice
|
| 6 |
The percentage of profit or markup charged is |
- A. principal
- B. time
- C. interest
- D. rate
|
| 7 |
The major types of accounts which can be maintained with banks to keep the deposits or surplus fund are. |
|
| 8 |
The person who draws,s the bill of exchange is called |
- A. drawee
- B. drawer
- C. payee
- D. lessee
|
| 9 |
The person to whom the payment is made |
- A. payee
- B. drawee
- C. lessee
- D. insured
|
| 10 |
A machine installed by the bank to dispense cash to customer is called |
- A. computer
- B. scanner
- C. ATM
- D. card reader
|
