Question # 1

What is the status of an account if opened by a government institution

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A non-trading concern

An individual

A joint-stock company

A joint customer

Which of the following takes responsibility to manage the property of another

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Trustee

Bailee

Mortgagee

All the above

The main sources of a bank funds are.

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Deposits

Bank own funds

Both a and b

None of these

The nature of relation between bank and customers is:

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Deptor and creditor

Agent and principal

Bailer and bailee

All of the above

Documents of title to goods includes.

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Dock warrant

Bill of lading

Delivery order

All the above

Margin means the difference between amount of loan and.

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Value of overdraft

Market value

Value of security

None of these

Which of the following customers does not have more rights on bank:

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Individual customer

Joint customer

Minor customer

All have the same

The other name of cash credit is.

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Overdraft

Cash finance

Runnign finance

None of these

Which of the followingis highly marketable security.

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Documents of title

Goods and produce

Shares and debentures

all the above

The bank of charges interest on.

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Deposits

Overdraft

Running finace

Both b and c

Relation between banker and customer terminates, when a :

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Customer becomes mad or lunatic

Customer becomes insane or mental

Customer dies

All od the above

When a person deposits money in a bank, it is the beginning of

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Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

Who is responsible for loan in case of joint customer:

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All partners of persons

Person having authority to deal with bank

Active partner

None of the above

A good security is one which is.

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Perishable

Marketable

Disputed

All the above

If an old joint stock company opens the account then a bank demands for last few years:

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Balance sheet

Annual report

Both (a) & (b)

None of the above

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Principles of Banking Icom Part 2 English Medium Chapter 7 Online Test MCQs With Answers

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