| 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
|
