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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 Cheque consists of future date is called.
  • A. Out date
  • B. Post dated
  • C. Anti dated
  • D. None of these
2 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
3 The main sources of bank's fund are
  • A. Own capital
  • B. Deposits
  • C. Loan from other banks
  • D. All the above
4 On every cheque bank gets.
  • A. Tax
  • B. Profit
  • C. Duty
  • D. Commission
5 Long term loan is advanced against the following security:
  • A. Non-material
  • B. Material
  • C. Personal
  • D. All of the above
6 If the bank refuses to pay the amount of cheque.
  • A. Discounting
  • B. Crossing
  • C. Dishonoring
  • D. None of these
7 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
8 Account payee only in the transverse parallel line.
  • A. Bearer cheque
  • B. Special crossing
  • C. General crossing
  • D. None of these
9 The person in who's favor a cheque is endorsed is called.
  • A. Endorser
  • B. Debtor
  • C. Endorsee
  • D. None of these
10 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

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

U

Ummayy Kalsoom

Lahore17 - Apr - 2022

15/15
01 Mins 10 Sec
H

Hassan Abid

Lahore22 - Jun - 2022

15/15
01 Mins 41 Sec
H

Hassan Abid

Lahore23 - Jun - 2022

14/15
02 Mins 28 Sec
R

Ramla Akhlaq

Lahore18 - Jun - 2022

11/15
02 Mins 01 Sec
H

Hamza Abid

Abbottabad22 - Jun - 2022

10/15
10 Mins 50 Sec
K

Khudeja Noor

Lahore21 - May - 2022

8/15
07 Mins 36 Sec
H

Hamza Abid

Abbottabad24 - Apr - 2022

8/15
10 Mins 50 Sec

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