1. The term EMI expands to ________________.
A. Equal Monthly Installment    
B. Equated Monthly Installment
C. Equated Monthly Initial Amount
D. None of the above

2. The cheque crossing is used for ________________.
A. Crossing refers to correction to be done by Bank if any
B. Instruction for non-payment on counter by cash
C. Space to add detail by Bank
D. None of the above

3. The method used by banks for validating credit card is ________________.
A. Photograph of customer    
B. Online username
C. PIN
D. None of the above

4. The financial type used by annuity is ______________.
A. Asset    
B. Liability
C. Expense
D. None of the above

5. The value used by NPV for computation, is ________________.
A. Present Value    
B. Annuity
C. Perpetuity
D. None of the above

Answers:      1 (B), 2 (B), 3 (C), 4 (A), 5 (A)
 

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