7th Chapter

12th Principles of Banking Chapter 7 Test

Here you can prepare 12th Class Principles of Banking Chapter 1 Banker and Customer Relationship Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 7 online mcq test with answers for ICom part 2 Principle of Banking Chapter 7 (Banker and Customer Relationship)

This online test contains MCQs about following topics:

. Definition of banker and customer . Relationship between banker and customer . Rights and duties of customer . Rights and duties of banker . Termination of relationship . Kinds of banks's customer and their characteristics

ICOM Part 2 Banking Ch 7 Test
ic

12th class Principle of Banking chapter 7 online mcq test with answers for ICom part 2 Principle of Banking Chapter 7 (Banker and Customer Relationship)

Sr. # Questions Answers Choice
1 Head of any government institution can open account with a bank in the capacity of
  • A. Consumer
  • B. Principal
  • C. Employee
  • D. None of the above
2 Relation between banker and customer terminates, when a :
  • A. Customer becomes mad or lunatic
  • B. Customer becomes insane or mental
  • C. Customer dies
  • D. All od the above
3 Person having an account with a bank or having some similar relation with the bank is called
  • A. Owner
  • B. Debtor
  • C. Consumer
  • D. Customer
4 Married women can open following account in bank:
  • A. Saving account
  • B. Current account
  • C. Fixed amount
  • D. All of the above
5 Which of the following relationships occurs if a customer deposits his money in a bank
  • A. Bank as a debtor and customer as a creditor
  • B. Bank as a creditor and customer as a debtor
  • C. Bank as an agent and customer as a principle
  • D. Bank a modarib and customer as an aamal
6 Account suitbale for business woman.
  • A. Current account
  • B. Saving account
  • C. Fixed deposit account
  • D. None of these
7 Difference between hypothecation and pledge is.
  • A. Possession of goods
  • B. Ownership
  • C. Possession of documents
  • D. None of these
8 A trustee is the:
  • A. Owner of property
  • B. Care taker of property
  • C. Mortgagee of property
  • D. None of the above
9 The parties involved in a gurantee are.
  • A. Debtor
  • B. Creditor
  • C. Guarantor
  • D. All these
10 When goods are made available as security for a loan from bank.
  • A. Hypothecation
  • B. Mortagage
  • C. None of these
  • D. Both a and b

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