Question # 1

Negotiable credit instrument.

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Control credit

Stop credit

Create credit

None of these

Parties involved in a cheque.

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A/c holder

Bank

Payee

All 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

Two transverse parallel lines on the face of cheque.

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Crossingof cheque

Dishnoring of cheque

Endorsed of cheque

Retirementof cheque

Security is a powerful tool that ensure tthe repayment of:

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Deposit

Dept

Interest

None of the above

Why does a bank grant loans to businessmen

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To purchase raw material

To pay wages

To pay development expenditures

All the above

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

The types of credit instrument are.

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Four

Two

three

None of these

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

Negotiable instruments are defined by Act.

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1881

1857

1694

1935

Cheque consists of future date is called.

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Out date

Post dated

Anti dated

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

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Negotiable credit instruments does not includes.

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Cheque

ATM card

Draft

Promissory

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

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

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