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The major types of accounts which can be maintained with banks to keep the deposits or surplus fund are.
1
2
3
4
The person who draws,s the bill of exchange is called
drawee
drawer
payee
lessee
An instrument for payment issued by a bank on the request of its customer is calle
pay order
cheque
bank draft
bill of exchange
A machine installed by the bank to dispense cash to customer is called
computer
scanner
ATM
card reader
The person or entity whose insurance is being done is called
insurer
insured
drawer
lessee
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
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
The person to whom the payment is made
payee
drawee
lessee
insured
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
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)
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