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 Example of marketble security are.
  • A. Debentures
  • B. Shares
  • C. Postal order
  • D. Both a and b
2 The document which reveals the ownership of goods kept on port.
  • A. Bill of lading
  • B. Dock warrant
  • C. Railway recipt
  • D. Deliery order
3 A trustee is the:
  • A. Owner of property
  • B. Care taker of property
  • C. Mortgagee of property
  • D. None of the above
4 The loan given against some security are known as.
  • A. Unsecured loans
  • B. Demand loans
  • C. Secured loans
  • D. All the above
5 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
6 Difference between hypothecation and pledge is.
  • A. Possession of goods
  • B. Ownership
  • C. Possession of documents
  • D. None of these
7 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
8 Which of the following takes responsibility to manage the property of another
  • A. Trustee
  • B. Bailee
  • C. Mortgagee
  • D. All the above
9 A good security is one which is.
  • A. Perishable
  • B. Marketable
  • C. Disputed
  • D. All the above
10 The bank can cover the loan by selling out the.
  • A. Capital
  • B. Credit card
  • C. Security
  • D. None of these

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