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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ICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test"

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

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Question # 1

In case of mortage, the property remains in the possession of:

Question # 2

Long term is advanced against the following security:

Question # 3

If the bank refuses to pay the amount of cheque.

Question # 4

Bank prefers to advance loan on such documents

Question # 5

Negotiable credit instruments does not includes.

Question # 6

Long term loan is advanced against the following security:

Question # 7

The commercial banks provide the following type of loan by discounting the B/E:

Question # 8

The loan which is granted by by bank to account holder on temporary basis called

Question # 9

Main uses of bank funds are

Question # 10

On which of the following amount of overcraft, bank receives interest:

Question # 11

The goods or items accepted as security for advancing loan should not be:

Question # 12

Why does a bank grant loans to businessmen

Question # 13

What is meant by hypothecation

Question # 14

Who does accept the responsibility for repayment debt

Question # 15

The numebr of parties in a cheque are.

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

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 The main sources of bank's fund are
A. Own capital
B. Deposits
C. Loan from other banks
D. All the above
2 Security is a powerful tool that ensure the repayment of:
A. Deposit
B. Debt
C. Interest
D. None of the above
3 Two transverse parallel lines on the face of cheque.
A. Crossingof cheque
B. Dishnoring of cheque
C. Endorsed of cheque
D. Retirementof cheque
4 Bank prefers to advance loan on such documents
A. Which are easy to keep
B. Which are transferable
C. Whose price can be determined easily
D. All the above
5 The loans which are issued for the period of one to five year called
A. Demand loans
B. Short term loans
C. Medium term loans
D. Long term loans
6 The person in who's favor a cheque is endorsed is called.
A. Endorser
B. Debtor
C. Endorsee
D. None of these
7 The goods or items accepted as security for advancing loan should not be:
A. Durable
B. Insured
C. Under burden
D. Liquid
8 Cheque is a credit instrument.
A. Partial negotiable
B. Negotiable
C. Non negotiable
D. None of these
9 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
10 Negotiable credit instrument.
A. Control credit
B. Stop credit
C. Create credit
D. None of these

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