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ICOM Part 2 English Medium Principles of Banking Chapter 8 MCQ's Test
Start Chapter 8 TestICOM 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"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test
00:00
Question # 1
Who does accept the responsibility for repayment debt
Question # 2
The word credit has been derived from a latin word.
Question # 3
The person in who's favor a cheque is endorsed is called.
Question # 4
Long term loan is advanced against the following security:
Question # 5
The cheque which cannot be cashed on the bank counter.
Question # 6
What is meant by hypothecation
Question # 7
On every cheque bank gets.
Question # 8
The loans obtained for meeting the administrative expenses and purchase of raw material are:
Question # 9
Popular types of loan issued by the bank according to term are
Question # 10
The commercial banks provide the following type of loan by discounting the B/E:
Question # 11
Negotiable instruments are defined by Act.
Question # 12
Cheque is a credit instrument.
Question # 13
Security is a powerful tool that ensure the repayment of:
Question # 14
Long term is advanced against the following security:
Question # 15
Long term loan period is consisted of:
ICOM Part 2 English Medium Principles of Banking Chapter 8 MCQ's Test
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K KHALIL UR REHAMAN 13 - Aug - 2022 01 Min 15 Sec 15/15 -
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| Sr.# | Question | Answer |
|---|---|---|
| 1 | Account payee only in the transverse parallel line. |
A. Bearer cheque
B. Special crossing
C. General crossing
D. None of these
|
| 2 | Negotiable instruments are defined by Act. |
A. 1881
B. 1857
C. 1694
D. 1935
|
| 3 | 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
|
| 4 | If the bank refuses to pay the amount of cheque. |
A. Discounting
B. Crossing
C. Dishonoring
D. None of these
|
| 5 | Cheque consists of future date is called. |
A. Out date
B. Post dated
C. Anti dated
D. None of these
|
| 6 | Bank should advance loans to those people who are strong |
A. Financially
B. Domestically
C. Politically
D. All the above
|
| 7 | The goods or items accepted as security for advancing loan should not be: |
A. Durable
B. Insured
C. Under burden
D. Liquid
|
| 8 | The main sources of bank's fund are |
A. Own capital
B. Deposits
C. Loan from other banks
D. All the above
|
| 9 | 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
|
| 10 | The person in who's favor a cheque is endorsed is called. |
A. Endorser
B. Debtor
C. Endorsee
D. None of these
|
| 11 | The loans obtained for meeting the administrative expenses and purchase of raw material are: |
A. Short term loans
B. Medium Term lonas
C. Long Term lonas
D. All of the above
|
| 12 | The types of credit instrument are. |
A. Four
B. Two
C. three
D. None of these
|
| 13 | Long term loan period is consisted of: |
A. Days
B. Months
C. Years
D. All of the above
|
| 14 | Popular types of loan issued by the bank according to term are |
A. Two
B. Three
C. Four
D. Five
|
| 15 | Parties involved in a cheque. |
A. A/c holder
B. Bank
C. Payee
D. All of these
|
Test Questions
