| 1 |
The person to whom the payment is made |
- A. payee
- B. drawee
- C. lessee
- D. insured
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| 2 |
The person or entity whose insurance is being done is called |
- A. insurer
- B. insured
- C. drawer
- D. lessee
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| 3 |
The person in whose favour the bill of exchange is drawn is called |
- A. drawer
- B. payee
- C. drawee
- D. lessee
|
| 4 |
An attractive source of fund for long term lending and investment purpose is:  |
- A. Fixed account
- B. saving account
- C. current account
- D. both (B) and (C)
|
| 5 |
The major types of accounts which can be maintained with banks to keep the deposits or surplus fund are. |
|
| 6 |
Every year profit on profit along with principal amount is called:  |
- A. compound profit
- B. simple profit
- C. permium
- D. markup
|
| 7 |
An instrument for payment issued by a bank on the request of its customer is calle |
- A. pay order
- B. cheque
- C. bank draft
- D. bill of exchange
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| 8 |
The person who draws,s the bill of exchange is called |
- A. drawee
- B. drawer
- C. payee
- D. lessee
|
| 9 |
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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| 10 |
The percentage of profit or markup charged is |
- A. principal
- B. time
- C. interest
- D. rate
|