12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 8 (Bank Funds and their use)

ICOM Part 2 English Medium Principles of Banking Chapter 8 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test"

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

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Question # 1

Cheque consists of future date is called.

Question # 2

Alternation in cheque must be singed by.

Question # 3

Security is a powerful tool that ensure tthe repayment of:

Question # 4

On which of the following amount of overcraft, bank receives interest:

Question # 5

The loans which are issued for the period of one to five year called

Question # 6

Main uses of bank funds are

Question # 7

Who does accept the responsibility for repayment debt

Question # 8

On every cheque bank gets.

Question # 9

Negotiable credit instruments does not includes.

Question # 10

Security is a powerful tool that ensure the repayment of:

Question # 11

The word credit has been derived from a latin word.

Question # 12

Cheque is always payable on.

Question # 13

Two transverse parallel lines on the face of cheque.

Question # 14

What is called a good security

Question # 15

The main sources of bank's fund are

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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 Cheque is a credit instrument.
A. Partial negotiable
B. Negotiable
C. Non negotiable
D. None of these
2 Negotiable instruments are defined by Act.
A. 1881
B. 1857
C. 1694
D. 1935
3 The loan which is granted by by bank to account holder on temporary basis called
A. Cash credit
B. Overdraft
C. Demand loan
D. None of the above
4 Long term is advanced against the following security:
A. Non-material
B. Material
C. Personal
D. All of the above
5 Negotiable credit instrument.
A. Control credit
B. Stop credit
C. Create credit
D. None of these
6 Bank should advance loans to those people who are strong
A. Financially
B. Domestically
C. Politically
D. All the above
7 Long term loan is advanced against the following security:
A. Non-material
B. Material
C. Personal
D. All of the above
8 Security is a powerful tool that ensure the repayment of:
A. Deposit
B. Debt
C. Interest
D. None of 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 Bank prefers to advance loan on such documents
A. Which are easy to keep
B. Which are transferable
C. Whose price can be determined easily
D. All the above

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