Question # 1

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

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

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

The loan which is granted by by bank to account holder on temporary basis called

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Cash credit

Overdraft

Demand loan

None of the above

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

Security is a powerful tool that ensure tthe repayment of:

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Deposit

Dept

Interest

None of the above

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

Popular types of loan issued by the bank according to term are

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Two

Three

Four

Five

The commercial banks provide the following type of loan by discounting the B/E:

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Short term

Medium term

Long term

All of the above

Negotiable instruments are defined by Act.

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1881

1857

1694

1935

The types of credit instrument are.

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Four

Two

three

None of these

Negotiable credit instruments does not includes.

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Cheque

ATM card

Draft

Promissory

Bank should advance loans to those people who are strong

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Financially

Domestically

Politically

All 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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