ICOM Part 2 English Medium Principles of Banking Chapter 7 MCQ's Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 7 (Banker and Customer Relationship)

ICOM Part 2 English Medium Principles of Banking Chapter 7 MCQ's Test

Start Chapter 7 Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 7 (Banker and Customer Relationship)

Sr. # Questions Answers Choice
1 Difference between hypothecation and pledge is.
  • A. Possession of goods
  • B. Ownership
  • C. Possession of documents
  • D. None of these
2 Which of the following terms is used regarding the confirmation of death of bank customer
  • A. Stopped account
  • B. Cancelled account
  • C. Deceased account
  • D. Closed account
3 Which of the followingis highly marketable security.
  • A. Documents of title
  • B. Goods and produce
  • C. Shares and debentures
  • D. all the above
4 Account suitbale for business woman.
  • A. Current account
  • B. Saving account
  • C. Fixed deposit account
  • D. None of these
5 The nature of relation between bank and customers is:
  • A. Deptor and creditor
  • B. Agent and principal
  • C. Bailer and bailee
  • D. All of the above
6 The main sources of a bank funds are.
  • A. Deposits
  • B. Bank own funds
  • C. Both a and b
  • D. None of these
7 Which of the following takes responsibility to manage the property of another
  • A. Trustee
  • B. Bailee
  • C. Mortgagee
  • D. All the above
8 Illiterate person provides to bank for his identification
  • A. Birth certificate
  • B. Impression of thumb
  • C. Photograph
  • D. All the above
9 A form of written agreement between bank and customer is
  • A. Cheque book
  • B. Pass book
  • C. Application form for opening account
  • D. None of the above
10 When bank provides finance to its customer under an agreement of Modaraba, the customer becomes
  • A. Consumer
  • B. Zarib
  • C. Aamal
  • D. None of the above

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