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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers
Question # 1
Bank prefers to advance loan on such documents
Choose an answer
Which are easy to keep
Which are transferable
Whose price can be determined easily
All the above
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Question # 2
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 # 3
Cheque is always payable on.
Choose an answer
Phone call
At sight
After banking hour
On demand
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Question # 4
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 # 5
Security is a powerful tool that ensure the repayment of:
Choose an answer
Deposit
Debt
Interest
None of the above
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Question # 6
The loan which is granted by by bank to account holder on temporary basis called
Choose an answer
Cash credit
Overdraft
Demand loan
None of the above
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Question # 7
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 # 8
Security is a powerful tool that ensure tthe repayment of:
Choose an answer
Deposit
Dept
Interest
None of the above
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Question # 9
Long term loan is advanced against the following security:
Choose an answer
Non-material
Material
Personal
All of the above
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Question # 10
Popular types of loan issued by the bank according to term are
Choose an answer
Two
Three
Four
Five
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Question # 11
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 # 12
Negotiable instruments are defined by Act.
Choose an answer
1881
1857
1694
1935
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Question # 13
The types of credit instrument are.
Choose an answer
Four
Two
three
None of these
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Question # 14
Negotiable credit instruments does not includes.
Choose an answer
Cheque
ATM card
Draft
Promissory
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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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