Question # 1

If Rs.1000 is deposited in saving account @ 10% p.a profit how much profit would a person get after one year?

Choose an answer

Rs.1,100

Rs.10,000

Rs. 11,000

Rs 100,000

if borrows Rs 100,000 for 3 year at rate of 16% p.a. What is mark up to pay?

Choose an answer

Rs.480

Rs.4,800

Rs.48,000

Rs.50,000

The person in whose favour the bill of exchange is drawn is called

Choose an answer

drawer

payee

drawee

lessee

An attractive source of fund for long term lending and investment purpose is:

Choose an answer

Fixed account

saving account

current account

both (B) and (C)

The major types of accounts which can be maintained with banks to keep the deposits or surplus fund are.

Choose an answer

1

2

3

4

The person to whom the payment is made

Choose an answer

payee

drawee

lessee

insured

In Pakistan the current account can be opened with minimum amount of

Choose an answer

Rs.100 to Rs.500

Rs.1000 to 5000

Rs.5000 to 10000

Both (b) and (c)

An instrument for payment issued by a bank on the request of its customer is calle

Choose an answer

pay order

cheque

bank draft

bill of exchange

A machine installed by the bank to dispense cash to customer is called

Choose an answer

computer

scanner

ATM

card reader

The percentage of profit or markup charged is

Choose an answer

principal

time

interest

rate

Every year profit on profit along with principal amount is called:

Choose an answer

compound profit

simple profit

permium

markup

The person who draws,s the bill of exchange is called

Choose an answer

drawee

drawer

payee

lessee

The person or entity whose insurance is being done is called

Choose an answer

insurer

insured

drawer

lessee

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

Choose an answer

pay order

bank

bank order

none of these

For withdrawal of large amount from saving account, a prior notice is required from

Choose an answer

1 to 7 days

7 to 15 days

15 to 20 days

without any notice

More Classes

Other Links

General Math 9th Class English Medium Unit 3 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer