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

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General Math 9th Class English Medium Unit 3 Online Test

Sr. # Questions Answers Choice
1 The person or entity whose insurance is being done is called insurer insured drawer lessee
2 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
3 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
4 Every year profit on profit along with principal amount is called:  compound profit simple profit permium markup
5 The percentage of profit or markup charged is principal time interest rate
6 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
7 A machine installed by the bank to dispense cash to customer is called computer scanner ATM card reader
8 An instrument for payment issued by a bank on the request of its customer is calle pay order cheque bank draft bill of exchange
9 The person to whom the payment is made payee drawee lessee insured
10 The person in whose favour the bill of exchange is drawn is called drawer payee drawee lessee
11 The person who draws,s the bill of exchange is called drawee drawer payee lessee
12 For withdrawal of large amount from saving account, a prior notice is required from 1 to 7 days 7 to 15 days 15 to 20 days without any notice
13 In Pakistan the current account can be opened with minimum amount of Rs.100 to Rs.500 Rs.1000 to 5000 Rs.5000 to 10000 Both (b) and (c)
14 An attractive source of fund for long term lending and investment purpose is:  Fixed account saving account current account both (B) and (C)
15 The major types of accounts which can be maintained with banks to keep the deposits or surplus fund are. 1 2 3 4
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