31. Which of the following is included in a Banker’s Cheque?
B.Instrument number
C.Amount in words and figures
D.All of the above
32. As per Negotiable Instruments Act, types of crossing include(s):
B.General Crossing
C.Not-negotiable crossing
D.All of the above
The amount payable for the crossed cheque is transferred to the bank account of the payee. Types of cheque crossing are General Crossing, Special Crossing and Restrictive Crossing.
33. When the owner withdraw cash from his business for private use, it is called ___________
B.Income
C.Expense
D.Drawing
The amount which the owner withdraw from business for personal use is called as drawings. It is shown as deduction from the amount of capital in the balance sheet.
34. Which type of card is not issued by commercial banks
B.Debit card
C.ATM card
D.Green card
A green card, known officially as a permanent resident card, is an identity document which shows that a person has permanent residency in the country or States
35. Balance Sheet is based upon which of the following formula
B.Assets + Liabilities = Stockholder’s equity
C.Assets + Stockholder’s equity = Liabilities
D.Assets = Liabilities + Stockholder’s equity
The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity.
36. State Bank of Pakistan is run by which of the following
B.Board of governors
C.Board of directors
D.None of these
SBP is governed by a Board of Directors, which is responsible for the general supervision of the. Bank, other than the functions assigned to the Monetary Policy
37. Reduction in price is called
B.Invoice price
C.Book price
D.Discount
38. KYC means ?
B.Know your character
C.Both of above
D.None of above
KYC is the means of identifying and verifying the identity of the customer through independent and reliance source of documents, data or information.
39. The amount invested by the proprietor to start the business is called
B.Business
C.Drawings
D.All of them
Amount invested by the owner in the business is called as capital.
40. ATM password should be kept in
B.office diary
C.memory
D.all of above
41. 20 men can construct a building in 40 days. How long will it take 10 men to do this
B.60 days
C.70 days
D.80 days
Solution: Men: Days 20: 40 10: X It has inverse proportion x/40 = 20/10 x = (20/10)x40 x= 80
42. Find two number whose sum is 28 and the difference is 4 _____________
B.18,10
C.15,13
D.14,12
Solution: Given sum of two numbers is 28 and difference of them is 4 Let the two numbers be x, y So, x + y = 28 --- (a) x - y = 4 --- (b) Let us solve this system of linear equations. Put x = 16 in either (a) or (b) 16 - y = 4 y = 16 - 4 y = 12 Add (a) and (b), we get (x + y) + (x - y) = 28 + 4 2x = 32 x = 16 Therefore, the two numbers are 12, 16 The sum of two numbers is 28 and their difference is 4. What are the two numbers? Summary: The sum of two numbers is 28 and their difference is 4, the two numbers are 12, 16.
43. 18 men can eat 20 kg of rice in 3 days. How long will 6 men take to eat 40 kg of rice
B.18
C.32
D.40
6 men is 3x less than 18 men. So it would take the 6 men 3x as long to eat the 20kg. Meaning 9 days. 40kg is double the amount, so it would take them twice as long, meaning it would take 18 days.
44. Solve: 300 – (150×2)
B.100
C.50
D.0
Solve: 300 – (150×2)=300-300=0
45. Not only teacher but students ________ laughing
B.Had been
C.were
D.None of these