Question # 1

Teh value of security should be more than.

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Market value

Cost value

Amount of loan

None of these

The other name of cash credit is.

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Overdraft

Cash finance

Runnign finance

None of these

Relation between banker and customer terminates, when a :

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Customer becomes mad or lunatic

Customer becomes insane or mental

Customer dies

All od the above

Bank Should advance loan to only those who are storng.

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Domestically

Socially

Financially

None of these

Which of the following terms is used regarding the confirmation of death of bank customer

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Stopped account

Cancelled account

Deceased account

Closed account

the precautions while advancing loan by bank are.

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Safety of loan

Durable security

Liquidity

All the above

A trustee is the:

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Owner of property

Care taker of property

Mortgagee of property

None of the above

A good security is one which is.

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Perishable

Marketable

Disputed

All the above

When a bank accepts real estate as security by way of mortgage then it is called

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Aamal

Zarib

Mortgager

Mortgagee

The amount of loan should be less than.

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Value of security

Market value

Face value

Hidden value

Difference between hypothecation and pledge is.

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Possession of goods

Ownership

Possession of documents

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 can cover the loan by selling out the.

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Capital

Credit card

Security

None of these

Person having an account with a bank or having some similar relation with the bank is called

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Owner

Debtor

Consumer

Customer

Example of marketble security are.

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Debentures

Shares

Postal order

Both a and b

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

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