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8th Chapter

12th Principles of Banking Chapter 8 Test

Here you can prepare 12th Class Principles of Banking Chapter 8 Bank Funds and their use Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 8 online mcq test with answers for ICom part 2 Principle of Banking Chapter 8 (Bank Funds and their use)

This online test contains MCQs about following topics:

. Sources of bank funds . Use of bank funds . Principles of advancing loans . Precaution of advancing loans . Securities and their characteristics . Kinds of securities . Terms used in bank loans

ICOM Part 2 Banking Ch 8 Test
ic

12th class Principle of Banking chapter 8 online mcq test with answers for ICom part 2 Principle of Banking Chapter 8 (Bank Funds and their use)

Sr. # Questions Answers Choice
1 The numebr of parties in a cheque are.
  • A. Two
  • B. Five
  • C. Four
  • D. Three
2 Negotiable credit instrument.
  • A. Control credit
  • B. Stop credit
  • C. Create credit
  • D. None of these
3 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
4 The word credit has been derived from a latin word.
  • A. Credo
  • B. Credere
  • C. Creditor
  • D. None of these
5 Long term loan period is consisted of:
  • A. Days
  • B. Months
  • C. Years
  • D. All of the above
6 In case of mortage, the property remains in the possession of:
  • A. Lender (creditors)
  • B. Borrower (debtors)
  • C. The government
  • D. All of the above
7 Cheque consists of future date is called.
  • A. Out date
  • B. Post dated
  • C. Anti dated
  • D. None of these
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 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

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

A

Abdul Waheed

Lahore19 - Mar - 2024

12/15
01 Mins 43 Sec
A

Abdul Waheed

Lahore19 - Mar - 2024

9/15
02 Mins 20 Sec
R

Raja Musa Sohail

Lahore15 - Apr - 2024

9/15
02 Mins 25 Sec
M

M.Zubair M.Zubair

Lahore17 - Mar - 2024

8/15
03 Mins 05 Sec

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