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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers
Question # 1
On which of the following amount of overcraft, bank receives interest:
Choose an answer
Fix
Total
Used
All of the above
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Question # 2
If the bank refuses to pay the amount of cheque.
Choose an answer
Discounting
Crossing
Dishonoring
None of these
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Question # 3
Two transverse parallel lines on the face of cheque.
Choose an answer
Crossingof cheque
Dishnoring of cheque
Endorsed of cheque
Retirementof cheque
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Question # 4
Negotiable credit instrument.
Choose an answer
Control credit
Stop credit
Create credit
None of these
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Question # 5
Cheque is always payable on.
Choose an answer
Phone call
At sight
After banking hour
On demand
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Question # 6
The main sources of bank's fund are
Choose an answer
Own capital
Deposits
Loan from other banks
All the above
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Question # 7
The goods or items accepted as security for advancing loan should not be:
Choose an answer
Durable
Insured
Under burden
Liquid
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Question # 8
Cheque consists of future date is called.
Choose an answer
Out date
Post dated
Anti dated
None of these
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Question # 9
What is meant by hypothecation
Choose an answer
To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt
To hand over the documents of property by a customer until the repayment of debt
A type of security in which neither the ownership nor the possession passes to the bank
A receipt of loan which shows that money has been borrowed against an immovable property as a security
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Question # 10
The commercial banks provide the following type of loan by discounting the B/E:
Choose an answer
Short term
Medium term
Long term
All of the above
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Question # 11
The loans which are issued for the period of one to five year called
Choose an answer
Demand loans
Short term loans
Medium term loans
Long term loans
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Question # 12
Why does a bank grant loans to businessmen
Choose an answer
To purchase raw material
To pay wages
To pay development expenditures
All the above
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Question # 13
Cheque is a credit instrument.
Choose an answer
Partial negotiable
Negotiable
Non negotiable
None of these
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Question # 14
The loans obtained for meeting the administrative expenses and purchase of raw material are:
Choose an answer
Short term loans
Medium Term lonas
Long Term lonas
All of the above
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Question # 15
Bank should advance loans to those people who are strong
Choose an answer
Financially
Domestically
Politically
All the above
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