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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 7 Online Test MCQs With Answers
Question # 1
Clubs, cooperative societies, and associations etc. are entitled as following concern
Choose an answer
Partnership
Non-trading
Trading
All the above
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Question # 2
the precautions while advancing loan by bank are.
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Safety of loan
Durable security
Liquidity
All the above
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Question # 3
The loan against which no security is kept by bank are.
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Secured loans
Unsecured loans
Demand loans
None of these
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Question # 4
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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Question # 5
Bank Should advance loan to only those who are storng.
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Domestically
Socially
Financially
None of these
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Question # 6
The parties involved in a gurantee are.
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Debtor
Creditor
Guarantor
All these
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Question # 7
The nature of relation between bank and customers is:
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Deptor and creditor
Agent and principal
Bailer and bailee
All of the above
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Question # 8
Overdraft is also knonw as.
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Cash Credit
Running finace
Cash finance
All the above
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Question # 9
Pledge means loan given against
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Immovable property
Movable property
Botha a and b
None of these
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Question # 10
Quality of good security includes.
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Easy salable
Disputed
Source of expense
All these
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Question # 11
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
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Question # 12
Joint-stock company can open the following account in bank
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Fixed
Current
Saving
All the above
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Question # 13
A trustee is the:
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Owner of property
Care taker of property
Mortgagee of property
None of the above
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Question # 14
Who is responsible for loan in case of joint customer:
Choose an answer
All partners of persons
Person having authority to deal with bank
Active partner
None of the above
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Question # 15
Margin means the difference between amount of loan and.
Choose an answer
Value of overdraft
Market value
Value of security
None of these
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Question # 16
Which of the following takes responsibility to manage the property of another
Choose an answer
Trustee
Bailee
Mortgagee
All the above
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