Question # 1

Parties involved in cheque.

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Account Holder

Bank

Payee

All these

Running Finance is also known as.

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Saving Account

Current Account

Overdraft

Fixed Account

Credit cards payment are considered.

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Credit payment

Cash Payment

Both a and b

None of these

On opening Saving Account the Bank Provide.

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Pass Book

Pay in slip

Cheque book

All of these

Scheduled banks means a bank which is registered with

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Stock exchange

Central bank

World bank

All of the above

What percentage of total assets a scheduled bank is bound to keep within the country

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60%

70%

80%

90%

Over draft facility is provided only on.

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Saving Account

Fixed Deposit Account

Current Account

All the above

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

It is necessary for scheduled bank to

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Act on the instructions of central bank

Submit report to central bank

Get the books checked

Al the above

A Joint Stock company opens the account in the bank.

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Saving Bank

Current Account

B.B.A. Account

Term Deposit Account

Another name of fixed deposit receipt is.

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Term Deposit receipt

Capital receipt

Cash Deposit receipt

Revenue receipt

Scheduled bank is registered under state bank of Pakistan Act

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1965

1956

1950

None of the above

The slip which is used to deposit money into bank account.

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Deposit slip

Pay in slip

Credit voucher

All these

Account suitable for salaried person.

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Fixed Deposit account

Current Account

Saving Account

Term Deposit Account

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

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