Question # 1

Main uses of bank funds are

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Advancing loans

Direct investment

Both a and b

None of these

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

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Demand loans

Short term loans

Medium term loans

Long term loans

The loan which is granted by by bank to account holder on temporary basis called

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Cash credit

Overdraft

Demand loan

None of the above

Parties involved in a cheque.

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A/c holder

Bank

Payee

All of these

Negotiable credit instrument.

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Control credit

Stop credit

Create credit

None of these

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

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

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Fix

Total

Used

All of the above

The word credit has been derived from a latin word.

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Credo

Credere

Creditor

None of these

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

The person in who's favor a cheque is endorsed is called.

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Endorser

Debtor

Endorsee

None of these

Security is a powerful tool that ensure the repayment of:

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Deposit

Debt

Interest

None of the above

Bank should advance loans to those people who are strong

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Financially

Domestically

Politically

All the above

In case of mortage, the property remains in the possession of:

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Lender (creditors)

Borrower (debtors)

The government

All of the above

Popular types of loan issued by the bank according to term are

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Two

Three

Four

Five

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