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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers
Question # 1
Which things can be accepted by bank as security at the time of granting loan
Choose an answer
Gold and silver
Property
Shares and debentures of company
All the above
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Question # 2
The document which reveals the ownership of goods kept on port:
Choose an answer
Bill of lading
Dock warrant
Delivery order
Railway receipt
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Question # 3
Long term loan period is consisted of:
Choose an answer
Days
Months
Years
All of the above
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Question # 4
The loan which can be demanded at any time are called
Choose an answer
Short term loans
Demand loans
Overdraft
All the above
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Question # 5
Alternation in cheque must be singed by.
Choose an answer
Payee
Debtor
Drawer
All of these
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Question # 6
Which of the following is a highly marketable security
Choose an answer
Document of title to goods
Shares and debentures
Immovable property
All the above
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Question # 7
Cheque is always payable on.
Choose an answer
Phone call
At sight
After banking hour
On demand
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Question # 8
Who does accept the responsibility for repayment debt
Choose an answer
Guarantor
Personal security
Both a and b
None of the these
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Question # 9
Long term is advanced against the following security:
Choose an answer
Non-material
Material
Personal
All of the above
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Question # 10
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 # 11
The numebr of parties in a cheque are.
Choose an answer
Two
Five
Four
Three
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Question # 12
Negotiable credit instruments does not includes.
Choose an answer
Cheque
ATM card
Draft
Promissory
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Question # 13
The word credit has been derived from a latin word.
Choose an answer
Credo
Credere
Creditor
None of these
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Question # 14
If the bank refuses to pay the amount of cheque.
Choose an answer
Discounting
Crossing
Dishonoring
None of these
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Question # 15
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 # 16
Security is a powerful tool that ensure the repayment of:
Choose an answer
Deposit
Debt
Interest
None of the above
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