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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 following takes responsibility to manage the property of another
  • A. Trustee
  • B. Bailee
  • C. Mortgagee
  • D. All the above
2 The loan against which no security is kept by bank are.
  • A. Secured loans
  • B. Unsecured loans
  • C. Demand loans
  • D. None of these
3 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
4 Difference between hypothecation and pledge is.
  • A. Possession of goods
  • B. Ownership
  • C. Possession of documents
  • D. None of these
5 Pledge means loan given against
  • A. Immovable property
  • B. Movable property
  • C. Botha a and b
  • D. None of these
6 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
7 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
8 The loan given against some security are known as.
  • A. Unsecured loans
  • B. Demand loans
  • C. Secured loans
  • D. All the above
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 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

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