Question # 1

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

Clubs, cooperative societies, and associations etc. are entitled as following concern

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Partnership

Non-trading

Trading

All the above

Teh value of security should be more than.

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Market value

Cost value

Amount of loan

None of these

A trustee is the:

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Owner of property

Care taker of property

Mortgagee of property

None of the above

When customer deposits his money in a bank, he becomes

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Mortgagee

Creditor

Debtor

None of the above

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

The loan given against some security are known as.

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Unsecured loans

Demand loans

Secured loans

All the above

When a bank accepts real estate as security by way of mortgage then it is called

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Aamal

Zarib

Mortgager

Mortgagee

The amount of loan should be less than.

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Value of security

Market value

Face value

Hidden value

Which of the following terms is used regarding the confirmation of death of bank customer

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Stopped account

Cancelled account

Deceased account

Closed account

Which of the following cannot open account in a bank

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Pargah-nasheen women

Minor or infant

Lunatic or mental patient

Non-trading concern

The bank can cover the loan by selling out the.

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Capital

Credit card

Security

None of these

Joint-stock company can open the following account in bank

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Fixed

Current

Saving

All the above

Illiterate person provides to bank for his identification

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Birth certificate

Impression of thumb

Photograph

All the above

A good security is one which is.

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Perishable

Marketable

Disputed

All 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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