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

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

Sr. # Questions Answers Choice
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

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

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Lahore15 - May - 2025

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03 Mins 29 Sec

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