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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
The commercial banks provide the following type of loan by discounting the B/E:
Question # 2
The loans obtained for meeting the administrative expenses and purchase of raw material are:
Question # 3
Popular types of loan issued by the bank according to term are
Question # 4
Two transverse parallel lines on the face of cheque.
Question # 5
The person in who's favor a cheque is endorsed is called.
Question # 6
The word credit has been derived from a latin word.
Question # 7
Which of the following is a highly marketable security
Question # 8
Alternation in cheque must be singed by.
Question # 9
The loans which are issued for the period of one to five year called
Question # 10
Which things can be accepted by bank as security at the time of granting loan
Question # 11
In case of mortage, the property remains in the possession of:
Question # 12
The types of credit instrument are.
Question # 13
Cheque is a credit instrument.
Question # 14
Negotiable instruments are defined by Act.
Question # 15
The numebr of parties in a cheque are.
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 | Negotiable instruments are defined by Act. |
A. 1881
B. 1857
C. 1694
D. 1935
|
| 2 | 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
|
| 3 | Account payee only in the transverse parallel line. |
A. Bearer cheque
B. Special crossing
C. General crossing
D. None of these
|
| 4 | The numebr of parties in a cheque are. |
A. Two
B. Five
C. Four
D. Three
|
| 5 | Long term loan period is consisted of: |
A. Days
B. Months
C. Years
D. All of the above
|
| 6 | 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
|
| 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 | The goods or items accepted as security for advancing loan should not be: |
A. Durable
B. Insured
C. Under burden
D. Liquid
|
| 9 | Long term is advanced against the following security: |
A. Non-material
B. Material
C. Personal
D. All of the above
|
| 10 | Two transverse parallel lines on the face of cheque. |
A. Crossingof cheque
B. Dishnoring of cheque
C. Endorsed of cheque
D. Retirementof cheque
|
Test Questions