1 |
The numebr of parties in a cheque are. |
- A. Two
- B. Five
- C. Four
- D. Three
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2 |
Negotiable credit instrument. |
- A. Control credit
- B. Stop credit
- C. Create credit
- D. None of these
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3 |
Alternation in cheque must be singed by. |
- A. Payee
- B. Debtor
- C. Drawer
- D. All of these
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4 |
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
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5 |
Long term loan period is consisted of: |
- A. Days
- B. Months
- C. Years
- D. All of the above
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6 |
Long term is advanced against the following security: |
- A. Non-material
- B. Material
- C. Personal
- D. All of the above
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7 |
Long term loan is advanced against the following security: |
- A. Non-material
- B. Material
- C. Personal
- D. All of the above
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8 |
Negotiable instruments are defined by Act. |
- A. 1881
- B. 1857
- C. 1694
- D. 1935
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9 |
The loan which can be demanded at any time are called |
- A. Short term loans
- B. Demand loans
- C. Overdraft
- D. All the above
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10 |
Which of the following is a highly marketable security |
- A. Document of title to goods
- B. Shares and debentures
- C. Immovable property
- D. All the above
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