What is the name of a service where a bank makes regular payment on behalf of its customers
Direct debit
Credit transfer
Standing order
Bank draft
Correct answer is C
Standing order; is an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization.
When the buyer of an existing share is to receive the pending dividend, the price is
cum div
ex-div
at par
at a discount
Correct answer is A
Cum divl; (of share purchases) with a dividend about to be paid.
traveller's cheque
post-dated cheque
stale cheque
crossed cheque
Correct answer is C
stale cheque is a cheque that was written too long ago and that a bank may refuse to pay when someone tries to get the stated amount:
Which of the following is not true of the stock exchange?
it is a commodity market
it provides market for trading on shares
Government and companies raise fund through it
it provides professional advice on investment
Correct answer is A
A commodity market is a physical or virtual marketplace for buying, selling, and trading raw or primary products. Stock Exchange is not a commodity market
Which of the following is a safest way of sending important documents through the post
Registered mail
Parcel post
Letter post
Express mail
Correct answer is A
Registered mail is a postal procedure with special precautions for safety and for compensation in case of loss.