| 1 |
Main uses of bank funds are |
- A. Advancing loans
- B. Direct investment
- C. Both a and b
- D. None of these
|
| 2 |
Negotiable credit instrument. |
- A. Control credit
- B. Stop credit
- C. Create credit
- D. None of these
|
| 3 |
The commercial banks provide the following type of loan by discounting the B/E: |
- A. Short term
- B. Medium term
- C. Long term
- D. All of the above
|
| 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
|
| 5 |
The goods or items accepted as security for advancing loan should not be: |
- A. Durable
- B. Insured
- C. Under burden
- D. Liquid
|
| 6 |
Negotiable instruments are defined by Act. |
- A. 1881
- B. 1857
- C. 1694
- D. 1935
|
| 7 |
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
|
| 8 |
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
|
| 9 |
The person in who's favor a cheque is endorsed is called. |
- A. Endorser
- B. Debtor
- C. Endorsee
- D. None of these
|
| 10 |
Cheque consists of future date is called. |
- A. Out date
- B. Post dated
- C. Anti dated
- D. None of these
|
