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 The loan given against some security are known as.
  • A. Unsecured loans
  • B. Demand loans
  • C. Secured loans
  • D. All the above
2 the precautions while advancing loan by bank are.
  • A. Safety of loan
  • B. Durable security
  • C. Liquidity
  • D. All 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 Pledge means loan given against
  • A. Immovable property
  • B. Movable property
  • C. Botha a and b
  • D. None of these
5 Quality of good security includes.
  • A. Easy salable
  • B. Disputed
  • C. Source of expense
  • D. All these
6 The main uses of bank funds are.
  • A. Cash reserve
  • B. Granting loan
  • C. Issuing shares
  • D. None of these
7 Margin means the difference between amount of loan and.
  • A. Value of overdraft
  • B. Market value
  • C. Value of security
  • D. None of these
8 Bank Should advance loan to only those who are storng.
  • A. Domestically
  • B. Socially
  • C. Financially
  • D. None of these
9 Which of the followingis highly marketable security.
  • A. Documents of title
  • B. Goods and produce
  • C. Shares and debentures
  • D. all the above
10 Bank is bound to honour the cheque of customer if:
  • A. Required amount is available in amount
  • B. Cheque is according to rules of conduct
  • C. There is no restriction by government
  • D. All of the above

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