ICOM Part 2 English Medium Principles of Banking Chapter 7 MCQ's Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 7 (Banker and Customer Relationship)

ICOM Part 2 English Medium Principles of Banking Chapter 7 MCQ's Test

Start Chapter 7 Test

12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 7 (Banker and Customer Relationship)

Sr. # Questions Answers Choice
1 Quality of good security includes.
  • A. Easy salable
  • B. Disputed
  • C. Source of expense
  • D. All these
2 The bank of charges interest on.
  • A. Deposits
  • B. Overdraft
  • C. Running finace
  • D. Both b and c
3 When customer deposits his money in a bank, he becomes
  • A. Mortgagee
  • B. Creditor
  • C. Debtor
  • D. None of the above
4 A good security is one which is.
  • A. Perishable
  • B. Marketable
  • C. Disputed
  • D. All the above
5 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
6 When goods are made available as security for a loan from bank.
  • A. Hypothecation
  • B. Mortagage
  • C. None of these
  • D. Both a and b
7 The loan given against some security are known as.
  • A. Unsecured loans
  • B. Demand loans
  • C. Secured loans
  • D. All the above
8 Pledge means loan given against
  • A. Immovable property
  • B. Movable property
  • C. Botha a and b
  • D. None of these
9 Which of the following relationships occurs if a customer deposits his money in a bank
  • A. Bank as a debtor and customer as a creditor
  • B. Bank as a creditor and customer as a debtor
  • C. Bank as an agent and customer as a principle
  • D. Bank a modarib and customer as an aamal
10 the precautions while advancing loan by bank are.
  • A. Safety of loan
  • B. Durable security
  • C. Liquidity
  • D. All the above

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