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 loan against which no security is kept by bank are.
  • A. Secured loans
  • B. Unsecured loans
  • C. Demand loans
  • D. None of these
2 the precautions while advancing loan by bank are.
  • A. Safety of loan
  • B. Durable security
  • C. Liquidity
  • D. All the above
3 A good security is one which is.
  • A. Perishable
  • B. Marketable
  • C. Disputed
  • D. All the above
4 Which of the following takes responsibility to manage the property of another
  • A. Trustee
  • B. Bailee
  • C. Mortgagee
  • D. All the above
5 Bank is bound to honour the cheque of customer if:
  • A. Required amount is available in amount
  • B. Cheque is according to rules of conduct
  • C. There is no restriction by government
  • D. All of the above
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 The parties involved in a gurantee are.
  • A. Debtor
  • B. Creditor
  • C. Guarantor
  • D. All these
8 Which of the followingis highly marketable security.
  • A. Documents of title
  • B. Goods and produce
  • C. Shares and debentures
  • D. all the above
9 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
10 The nature of relation between bank and customers is:
  • A. Deptor and creditor
  • B. Agent and principal
  • C. Bailer and bailee
  • D. All of the above

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