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8th Chapter

12th Principles of Banking Chapter 8 Test

Here you can prepare 12th Class Principles of Banking Chapter 8 Bank Funds and their use Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 8 online mcq test with answers for ICom part 2 Principle of Banking Chapter 8 (Bank Funds and their use)

This online test contains MCQs about following topics:

. Sources of bank funds . Use of bank funds . Principles of advancing loans . Precaution of advancing loans . Securities and their characteristics . Kinds of securities . Terms used in bank loans

ICOM Part 2 Banking Ch 8 Test
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12th class Principle of Banking chapter 8 online mcq test with answers for ICom part 2 Principle of Banking Chapter 8 (Bank Funds and their use)

Sr. # Questions Answers Choice
1 The numebr of parties in a cheque are.
  • A. Two
  • B. Five
  • C. Four
  • D. Three
2 Negotiable credit instrument.
  • A. Control credit
  • B. Stop credit
  • C. Create credit
  • D. None of these
3 Alternation in cheque must be singed by.
  • A. Payee
  • B. Debtor
  • C. Drawer
  • D. All of these
4 What is meant by the principle of diversity regarding issuance of loan
  • A. Lending only to those who can repay the debt at short notice
  • B. Lending against some material security
  • C. Lending in terms of sure repayment
  • D. Lending to different businesses or individuals
5 Long term loan period is consisted of:
  • A. Days
  • B. Months
  • C. Years
  • D. All of the above
6 Long term is advanced against the following security:
  • A. Non-material
  • B. Material
  • C. Personal
  • D. All of the above
7 Long term loan is advanced against the following security:
  • A. Non-material
  • B. Material
  • C. Personal
  • D. All of the above
8 Negotiable instruments are defined by Act.
  • A. 1881
  • B. 1857
  • C. 1694
  • D. 1935
9 The loan which can be demanded at any time are called
  • A. Short term loans
  • B. Demand loans
  • C. Overdraft
  • D. All the above
10 Which of the following is a highly marketable security
  • A. Document of title to goods
  • B. Shares and debentures
  • C. Immovable property
  • D. All the above

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test

A

Abdul Waheed

Lahore19 - Mar - 2024

12/15
01 Mins 43 Sec
A

Abdul Waheed

Lahore19 - Mar - 2024

9/15
02 Mins 20 Sec
M

M.Zubair M.Zubair

Lahore17 - Mar - 2024

8/15
03 Mins 05 Sec

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