12th Class Statistics MCQS
What type of institution a bank is:
Financial
All of the above
Religious
Social
Bill which is drawn without any trade transcation
Time bill
Accommodation bill
Sight bill
Trade bill
If there is no guarantee to honour a letter of credit then it is called:
Irrevocable letter of credit
Unconfirmed letter of credit
None of the above
Confirmed letter of credit
Amount of crossed cheque is recieved:
From bank’s manager
None of the above
From bank’s counter
Issueing new cheque
Commercial bank is called:
Custodian of foreign exchange
Bank of public
Banker’s bank
Banker to the Government
If drawer of cheque is a payee himself then what word is written after the word pay:
Order
Self
Bearer
None of the above
Rate of interest in case of fixed deposit is
None of the above
High
Low
Both
It is necessary for scheduled bank to
Al them
Submit report to central bank
Act on the instructions of central bank
Get the books checked
Cheque is a written order drawn on
Customer
All of the above
Endorsee
Bank
Who started the use of bank draft:
Goldsmiths
Kings
Money lenders
Merchants
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