Question # 1

Saving accounts encourage the habit of saving among

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Low income persons

Investors

Business people

All of the above

Which bank account is exempted from income tax and zakat:

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Saving account

Fixed deposit

Foreign currency account

All of the above

Which of the followign cannot open account in a bank.

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Lunatic

Minor

Parda Nasheen woman

All of these

Bank is asked to take care the property of his clinet is called.

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Bailee

Pawnee

Mortagagee

Trustee

Thenature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

Customer can with draw money only after the expiry of fixed time:

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From saving account

From current account

From fixed deposit

From all of the above

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

On which account a bank does not pay interest

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Saving account

Fixed deposits

Current account

All of the above

What is common between bank and customer.

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Account No.

Sereial No

Drawee

Cheque No

Which bank account continues after the with drawal of total amount:

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Current saving

Fixed deposit

Saving account

All of the above

Why does it necessary for a customer t sign the specimen signature card

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To match with the signatures when cheque is presented for payment

To make exercise of signatures

To complete documentary requirements

To obtain new cheque book

Who does get the benefit of opening an account in bank:

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Bank

Account holder

Government

All of the above

When two or more persons open an account under a single title is called.

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Joint Account

Single title account

B.B.A. Account

None of these

What is common between bank and customer

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Account no.

Cheque no.

Serial no

Drawee

A blind person can open account with bank.

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Current account

Fixed deposit account

Saving account

All the above

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