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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
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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 Which of the followingis highly marketable security.
  • A. Documents of title
  • B. Goods and produce
  • C. Shares and debentures
  • D. all the above
2 Margin means the difference between amount of loan and.
  • A. Value of overdraft
  • B. Market value
  • C. Value of security
  • D. None of these
3 Bank Should advance loan to only those who are storng.
  • A. Domestically
  • B. Socially
  • C. Financially
  • D. None of these
4 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
5 What is the status of an account if opened by a government institution
  • A. A non-trading concern
  • B. An individual
  • C. A joint-stock company
  • D. A joint customer
6 Teh value of security should be more than.
  • A. Market value
  • B. Cost value
  • C. Amount of loan
  • D. None of these
7 Which of the following customers does not have more rights on bank:
  • A. Individual customer
  • B. Joint customer
  • C. Minor customer
  • D. All have the same
8 Overdraft is also knonw as.
  • A. Cash Credit
  • B. Running finace
  • C. Cash finance
  • D. All the above
9 Principle of advancing loan by bank are.
  • A. Principle of income
  • B. Principle of safety
  • C. Principal of liquidity
  • D. All the above
10 When customer deposits his money in a bank, he becomes
  • A. Mortgagee
  • B. Creditor
  • C. Debtor
  • D. None of the above

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