| 1 |
Cheque is a credit instrument. |
- A. Partial negotiable
- B. Negotiable
- C. Non negotiable
- D. None of these
|
| 2 |
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
|
| 3 |
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
|
| 4 |
The document which reveals the ownership of goods kept on port: |
- A. Bill of lading
- B. Dock warrant
- C. Delivery order
- D. Railway receipt
|
| 5 |
Negotiable credit instruments does not includes. |
- A. Cheque
- B. ATM card
- C. Draft
- D. Promissory
|
| 6 |
Cheque is always payable on. |
- A. Phone call
- B. At sight
- C. After banking hour
- D. On demand
|
| 7 |
Account payee only in the transverse parallel line. |
- A. Bearer cheque
- B. Special crossing
- C. General crossing
- D. None of these
|
| 8 |
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
|
| 9 |
Who does accept the responsibility for repayment debt |
- A. Guarantor
- B. Personal security
- C. Both a and b
- D. None of the these
|
| 10 |
The loan which can be demanded at any time are called |
- A. Short term loans
- B. Demand loans
- C. Overdraft
- D. All the above
|
