MCQs Banking in English, Bank Accounts

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For the first time   , MCQs of  Banking & Finance

The multiple-choice questions of banking and finance are not regularly available on any channel or any site for which the students feel a lot of trouble. We decided to take the time out of our busy schedule to try to make it easier for the students as well as to secure their future.

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Banking & Finance

BANK ACCOUNTS

·        How many accounts are offered by banks in Pakistan?

3	4
5	6

·        We can not withdraw money from this account.

Fixed A/C	Current A/C
Saving A/C	all

 ·        We can withdraw money twice a day from this account.

Fixed A/C	Current A/C
Saving A/C	all

 ·        We can withdraw money as many times as we like daily from this account.

Fixed A/C	Current A/C
Saving A/C	all

 ·        This account offers limited transactions a day.

Fixed A/C	Current A/C
Saving A/C	all

 ·        An advance notice is required to draw an amount more than 40,000.

Fixed A/C	Current A/C
Saving A/C	all

 ·        Which account is not subject to Zakat?

Fixed A/C	Current A/C
Saving A/C	all

 ·        This account is subject to Zakat?

Fixed A/C	Saving A/C
both	none

 ·         The highest rate of interest is enjoyed in.

Fixed A/C	Current A/C
Saving A/C	all

 ·        This account is suitable for a widow.

Fixed A/C	Current A/C
Saving A/C	all

 ·        This account is suitable for a student.

Fixed A/C	Current A/C
Saving A/C	all

 ·        which account is suitable for a trader?

Fixed A/C	Current A/C
Saving A/C	all

 ·        This account is usually preferred by a pensioner.

Fixed A/C	Current A/C
Saving A/C	all

 ·        Excise duty on the cheques is charged by

SBP	Federal Govt
Provisional Govt	all

 ·        Current account can be opened by

Business man	Ordinary man
Farmer	all

 ·        Saving account can be opened by

Business man	industrialist
Statesman	all

 ·        Fixed account can be opened by

capitalist	industrialist
villager	all

 ·        Non-cheque account is

Fixed A/C	Current A/C
Saving A/C	all

 ·        Bank provide loan to

Rich people	Financially sound people
Poor people	all

 ·        We can draw money by using

Cheque	Debit card
Credit card	all

 ·        Commercial banks offer.

Fixed A/c	Saving A/C
Current A/C	all