Question # 1

Parties involved in a cheque.

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A/c holder

Bank

Payee

All of these

The word credit has been derived from a latin word.

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Credo

Credere

Creditor

None of these

Which of the following is a highly marketable security

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Document of title to goods

Shares and debentures

Immovable property

All the above

Main uses of bank funds are

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Advancing loans

Direct investment

Both a and b

None of these

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

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

Long term loan period is consisted of:

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Days

Months

Years

All of the above

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

What is meant by the principle of diversity regarding issuance of loan

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Lending only to those who can repay the debt at short notice

Lending against some material security

Lending in terms of sure repayment

Lending to different businesses or individuals

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

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Two

Three

Four

Five

Account payee only in the transverse parallel line.

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Bearer cheque

Special crossing

General crossing

None of these

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

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Durable

Insured

Under burden

Liquid

Security is a powerful tool that ensure tthe repayment of:

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Deposit

Dept

Interest

None of the above

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

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Fix

Total

Used

All of the above

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

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