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 When bank provides finance to its customer under an agreement of Modaraba, the customer becomes
  • A. Consumer
  • B. Zarib
  • C. Aamal
  • D. None of the above
2 The bank can cover the loan by selling out the.
  • A. Capital
  • B. Credit card
  • C. Security
  • D. None of these
3 Teh value of security should be more than.
  • A. Market value
  • B. Cost value
  • C. Amount of loan
  • D. None of these
4 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
5 The main sources of a bank funds are.
  • A. Deposits
  • B. Bank own funds
  • C. Both a and b
  • D. None of these
6 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
7 Quality of good security includes.
  • A. Easy salable
  • B. Disputed
  • C. Source of expense
  • D. All these
8 The loan against which no security is kept by bank are.
  • A. Secured loans
  • B. Unsecured loans
  • C. Demand loans
  • D. None of these
9 Which of the following takes responsibility to manage the property of another
  • A. Trustee
  • B. Bailee
  • C. Mortgagee
  • D. All the above
10 Documents of title to goods includes.
  • A. Dock warrant
  • B. Bill of lading
  • C. Delivery order
  • D. All the above

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