| 1 |
The person who draws,s the bill of exchange is called |
- A. drawee
- B. drawer
- C. payee
- D. lessee
|
| 2 |
The person or entity whose insurance is being done is called |
- A. insurer
- B. insured
- C. drawer
- D. lessee
|
| 3 |
Every year profit on profit along with principal amount is called:  |
- A. compound profit
- B. simple profit
- C. permium
- D. markup
|
| 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 |
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
|
| 6 |
The percentage of profit or markup charged is |
- A. principal
- B. time
- C. interest
- D. rate
|
| 7 |
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
|
| 8 |
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
|
| 9 |
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
|
| 10 |
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
|
