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

Start Chapter 8 Test

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

Sr. # Questions Answers Choice
1 Parties involved in a cheque.
  • A. A/c holder
  • B. Bank
  • C. Payee
  • D. All of these
2 Which things can be accepted by bank as security at the time of granting loan
  • A. Gold and silver
  • B. Property
  • C. Shares and debentures of company
  • D. All the above
3 On which of the following amount of overcraft, bank receives interest:
  • A. Fix
  • B. Total
  • C. Used
  • D. All of the above
4 On every cheque bank gets.
  • A. Tax
  • B. Profit
  • C. Duty
  • D. Commission
5 The cheque which cannot be cashed on the bank counter.
  • A. Bearer cheque
  • B. Crossed cheque
  • C. Order cheque
  • D. Both bearer and order
6 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
7 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
8 The goods or items accepted as security for advancing loan should not be:
  • A. Durable
  • B. Insured
  • C. Under burden
  • D. Liquid
9 Why does a bank grant loans to businessmen
  • A. To purchase raw material
  • B. To pay wages
  • C. To pay development expenditures
  • D. All the above
10 Account payee only in the transverse parallel line.
  • A. Bearer cheque
  • B. Special crossing
  • C. General crossing
  • D. None of these

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

A

Axi

Lahore15 - May - 2025

9/15
03 Mins 29 Sec

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer