Question # 1

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

The document which reveals the ownership of goods kept on port:

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Bill of lading

Dock warrant

Delivery order

Railway receipt

Long term loan period is consisted of:

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Days

Months

Years

All of the above

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All 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

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

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

Two transverse parallel lines on the face of cheque.

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Crossingof cheque

Dishnoring of cheque

Endorsed of cheque

Retirementof cheque

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

The word credit has been derived from a latin word.

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Credo

Credere

Creditor

None of these

If the bank refuses to pay the amount of cheque.

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Discounting

Crossing

Dishonoring

None of these

The loans obtained for meeting the administrative expenses and purchase of raw material are:

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Short term loans

Medium Term lonas

Long Term lonas

All of the above

Security is a powerful tool that ensure the repayment of:

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Deposit

Debt

Interest

None 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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