Question # 1

Bank prefers to advance loan on such documents

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Which are easy to keep

Which are transferable

Whose price can be determined easily

All the above

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

Cheque consists of future date is called.

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Out date

Post dated

Anti dated

None of these

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

If the bank refuses to pay the amount of cheque.

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Discounting

Crossing

Dishonoring

None of these

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

Security is a powerful tool that ensure tthe repayment of:

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Deposit

Dept

Interest

None of the above

The cheque which cannot be cashed on the bank counter.

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Bearer cheque

Crossed cheque

Order cheque

Both bearer and order

The goods or items accepted as security for advancing loan should not be:

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Durable

Insured

Under burden

Liquid

On every cheque bank gets.

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Tax

Profit

Duty

Commission

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

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Endorser

Debtor

Endorsee

None of these

Parties involved in a cheque.

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A/c holder

Bank

Payee

All of these

The types of credit instrument are.

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Four

Two

three

None of these

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

Main uses of bank funds are

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Advancing loans

Direct investment

Both a and b

None of these

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

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