1 |
Money that is paid to the state charged as a proportion of income and profit oar added to the cost of some good is called |
tax
excise duty
property tax
income tax
|
2 |
The person or entity whose insurance is being done is called |
insurer
insured
drawer
lessee
|
3 |
if borrows Rs 100,000 for 3 year at rate of 16% p.a. What is mark up to pay? |
Rs.480
Rs.4,800
Rs.48,000
Rs.50,000
|
4 |
If Rs.1000 is deposited in saving account @ 10% p.a profit how much profit would a person get after one year? |
Rs.1,100
Rs.10,000
Rs. 11,000
Rs 100,000
|
5 |
Every year profit on profit along with principal amount is called:  |
compound profit
simple profit
permium
markup
|
6 |
The percentage of profit or markup charged is |
principal
time
interest
rate
|
7 |
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 |
pay order
bank
bank order
none of these
|
8 |
A machine installed by the bank to dispense cash to customer is called |
computer
scanner
ATM
card reader
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9 |
An instrument for payment issued by a bank on the request of its customer is calle |
pay order
cheque
bank draft
bill of exchange
|
10 |
The person to whom the payment is made |
payee
drawee
lessee
insured
|