Question # 1

Which of the following is useful in facilitating trade relation between the businessmen of different countries

Choose an answer

Bank draft

Money order

Letter of credit

Stock certificate

Bills of exchange is

Choose an answer

An order to pay

A request to pay

A promise to pay

All of the above

On which account a bank does not pay interest

Choose an answer

Saving account

Fixed deposits

Current account

All of the above

Bank pays money at its counter for:

Choose an answer

Bearer cheque

Order cheque

Both (A) & (B)

Crossed cheque

Endorsee of cheque is a person

Choose an answer

Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

The word L.C stand for.

Choose an answer

Long credit

Less credit

Letter of credit

None of these

Which is appointed by govt. to certify the negotiable instrument:

Choose an answer

Private attorney

Public attorney

Notary public

Giazetted Officer

Which of the following takes responsibility to manage the property of another

Choose an answer

Trustee

Bailee

Mortgagee

All the above

The person is whose favor thebill is endorsed is.

Choose an answer

Endorsee

Endorser

Debtor

Acceptor

Bills of exchange is a written order which is always

Choose an answer

Conditional

Unconditional

Partially conditional

All of the above

While deposting money in your a/c you must use.

Choose an answer

Pay in slip

Deposit slip

Credit voucher

All of these

Thenature of relations between banker and customers is.

Choose an answer

Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

Account Suitable for businessmen

Choose an answer

Saving account

Fixed Account

PLS account

Current Account

The relation ship between Cash Reserve and credit creation is.

Choose an answer

No relationship

Direct

Inverse

One way

Specialized credit institutions includes.

Choose an answer

BEL

NIT

ICP

All of these

The commercial banks may be:

Choose an answer

Scheduled

Non-scheduled

Foreign

All of the above

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer