Question # 1

If an old joint stock company opens the account then a bank demands for last few years:

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Balance sheet

Annual report

Both (a) & (b)

None of the above

A good security is one which is.

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Perishable

Marketable

Disputed

All the above

Example of marketble security are.

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Debentures

Shares

Postal order

Both a and b

Which of the following relationships occurs if a customer deposits his money in a bank

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Bank as a debtor and customer as a creditor

Bank as a creditor and customer as a debtor

Bank as an agent and customer as a principle

Bank a modarib and customer as an aamal

When customer deposits his money in a bank, he becomes

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Mortgagee

Creditor

Debtor

None of the above

When goods are made available as security for a loan from bank.

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Hypothecation

Mortagage

None of these

Both a and b

Account suitbale for business woman.

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Current account

Saving account

Fixed deposit account

None of these

Which of the following customers does not have more rights on bank:

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Individual customer

Joint customer

Minor customer

All have the same

The loan against which no security is kept by bank are.

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Secured loans

Unsecured loans

Demand loans

None of these

Before opening account in bank, a married women is asked about her:

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Husband's name

Father's name

Mother's name

All of the above

The bank of charges interest on.

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Deposits

Overdraft

Running finace

Both b and c

Clubs, cooperative societies, and associations etc. are entitled as following concern

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Partnership

Non-trading

Trading

All the above

Difference between hypothecation and pledge is.

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Possession of goods

Ownership

Possession of documents

None of these

Bank Should advance loan to only those who are storng.

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Domestically

Socially

Financially

None of these

The main sources of a bank funds are.

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Deposits

Bank own funds

Both a and b

None of these

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Principles of Banking Icom Part 2 English Medium Chapter 7 Online Test MCQs With Answers

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