Question # 1

Bank should advance loans to those people who are strong

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Financially

Domestically

Politically

All the above

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

Account payee only in the transverse parallel line.

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Bearer cheque

Special crossing

General crossing

None of these

On every cheque bank gets.

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Tax

Profit

Duty

Commission

Parties involved in a cheque.

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A/c holder

Bank

Payee

All of these

Two transverse parallel lines on the face of cheque.

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Crossingof cheque

Dishnoring of cheque

Endorsed of cheque

Retirementof cheque

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

Main uses of bank funds are

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Advancing loans

Direct investment

Both a and b

None of these

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

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Which things can be accepted by bank as security at the time of granting loan

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Gold and silver

Property

Shares and debentures of company

All the above

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

Long term is advanced against the following security:

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Non-material

Material

Personal

All of the above

Long term loan period is consisted of:

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Days

Months

Years

All of the above

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

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Endorser

Debtor

Endorsee

None of these

Negotiable credit instrument.

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Control credit

Stop credit

Create credit

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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