Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test With Answers

Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test

Sr. # Questions Answers Choice
1 Negotiable credit instruments does not includes. Cheque ATM card Draft Promissory
2 Negotiable instruments are defined by Act. 1881 1857 1694 1935
3 The word credit has been derived from a latin word. Credo Credere Creditor None of these
4 The goods or items accepted as security for advancing loan should not be: Durable Insured Under burden Liquid
5 In case of mortage, the property remains in the possession of: Lender (creditors) Borrower (debtors) The government All of the above
6 The loans obtained for meeting the administrative expenses and purchase of raw material are: Short term loans Medium Term lonas Long Term lonas All of the above
7 The commercial banks provide the following type of loan by discounting the B/E: Short term Medium term Long term All of the above
8 The document which reveals the ownership of goods kept on port: Bill of lading Dock warrant Delivery order Railway receipt
9 On which of the following amount of overcraft, bank receives interest: Fix Total Used All of the above
10 Long term loan period is consisted of: Days Months Years All of the above
11 Long term loan is advanced against the following security: Non-material Material Personal All of the above
12 Security is a powerful tool that ensure tthe repayment of: Deposit Dept Interest None of the above
13 Long term is advanced against the following security: Non-material Material Personal All of the above
14 Security is a powerful tool that ensure the repayment of: Deposit Debt Interest None of the above
15 Bank should advance loans to those people who are strong Financially Domestically Politically All the above
Download This Set

Is this page helpful?