7th Chapter

12th Principles of Banking Chapter 7 Test

Here you can prepare 12th Class Principles of Banking Chapter 1 Banker and Customer Relationship Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 7 online mcq test with answers for ICom part 2 Principle of Banking Chapter 7 (Banker and Customer Relationship)

This online test contains MCQs about following topics:

. Definition of banker and customer . Relationship between banker and customer . Rights and duties of customer . Rights and duties of banker . Termination of relationship . Kinds of banks's customer and their characteristics

ICOM Part 2 Banking Ch 7 Test
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12th class Principle of Banking chapter 7 online mcq test with answers for ICom part 2 Principle of Banking Chapter 7 (Banker and Customer Relationship)

Sr. # Questions Answers Choice
1 A form of written agreement between bank and customer is
  • A. Cheque book
  • B. Pass book
  • C. Application form for opening account
  • D. None of the above
2 Which of the following cannot open account in a bank
  • A. Pargah-nasheen women
  • B. Minor or infant
  • C. Lunatic or mental patient
  • D. Non-trading concern
3 Illiterate person provides to bank for his identification
  • A. Birth certificate
  • B. Impression of thumb
  • C. Photograph
  • D. All the above
4 Account suitbale for business woman.
  • A. Current account
  • B. Saving account
  • C. Fixed deposit account
  • D. None of these
5 Principle of advancing loan by bank are.
  • A. Principle of income
  • B. Principle of safety
  • C. Principal of liquidity
  • D. All the above
6 Difference between hypothecation and pledge is.
  • A. Possession of goods
  • B. Ownership
  • C. Possession of documents
  • D. None of these
7 The main sources of a bank funds are.
  • A. Deposits
  • B. Bank own funds
  • C. Both a and b
  • D. None of these
8 Pledge means loan given against
  • A. Immovable property
  • B. Movable property
  • C. Botha a and b
  • D. None of these
9 The main uses of bank funds are.
  • A. Cash reserve
  • B. Granting loan
  • C. Issuing shares
  • D. None of these
10 When a person deposits money in a bank, it is the beginning of
  • A. Bank and customer business
  • B. Bank and customer relationship
  • C. Lending and borrowing between bank and customer
  • D. Relation of confidence and trust

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