ICOM Part 2 English Medium Principles of Banking Chapter 8 MCQ's Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 8 (Bank Funds and their use)

ICOM Part 2 English Medium Principles of Banking Chapter 8 MCQ's Test

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12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 8 (Bank Funds and their use)

Sr. # Questions Answers Choice
1 The goods or items accepted as security for advancing loan should not be:
  • A. Durable
  • B. Insured
  • C. Under burden
  • D. Liquid
2 What is called a good security
  • A. Whose price can be determined easily
  • B. Which does not have any government restriction
  • C. Whose ownership is totally clear
  • D. All the above
3 Negotiable credit instrument.
  • A. Control credit
  • B. Stop credit
  • C. Create credit
  • D. None of these
4 The document which reveals the ownership of goods kept on port:
  • A. Bill of lading
  • B. Dock warrant
  • C. Delivery order
  • D. Railway receipt
5 What is meant by hypothecation
  • A. To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt
  • B. To hand over the documents of property by a customer until the repayment of debt
  • C. A type of security in which neither the ownership nor the possession passes to the bank
  • D. A receipt of loan which shows that money has been borrowed against an immovable property as a security
6 The commercial banks provide the following type of loan by discounting the B/E:
  • A. Short term
  • B. Medium term
  • C. Long term
  • D. All of the above
7 The loan which can be demanded at any time are called
  • A. Short term loans
  • B. Demand loans
  • C. Overdraft
  • D. All the above
8 Crossing makes the cheque
  • A. Acceptable
  • B. Dishonour
  • C. Safe
  • D. None of these
9 On which of the following amount of overcraft, bank receives interest:
  • A. Fix
  • B. Total
  • C. Used
  • D. All of the above
10 Main uses of bank funds are
  • A. Advancing loans
  • B. Direct investment
  • C. Both a and b
  • D. None of these

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

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Lahore15 - May - 2025

9/15
03 Mins 29 Sec

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