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 The bank of charges interest on.
  • A. Deposits
  • B. Overdraft
  • C. Running finace
  • D. Both b and c
2 Relation between banker and customer terminates, when a :
  • A. Customer becomes mad or lunatic
  • B. Customer becomes insane or mental
  • C. Customer dies
  • D. All od the above
3 When a bank accepts real estate as security by way of mortgage then it is called
  • A. Aamal
  • B. Zarib
  • C. Mortgager
  • D. Mortgagee
4 The amount of loan should be less than.
  • A. Value of security
  • B. Market value
  • C. Face value
  • D. Hidden value
5 Margin means the difference between amount of loan and.
  • A. Value of overdraft
  • B. Market value
  • C. Value of security
  • D. None of these
6 Which of the followingis highly marketable security.
  • A. Documents of title
  • B. Goods and produce
  • C. Shares and debentures
  • D. all the above
7 The bank can cover the loan by selling out the.
  • A. Capital
  • B. Credit card
  • C. Security
  • D. None of these
8 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
9 the precautions while advancing loan by bank are.
  • A. Safety of loan
  • B. Durable security
  • C. Liquidity
  • D. All the above
10 Difference between hypothecation and pledge is.
  • A. Possession of goods
  • B. Ownership
  • C. Possession of documents
  • D. None of these

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