| 1 |
The word credit has been derived from a latin word. |
- A. Credo
- B. Credere
- C. Creditor
- D. None of these
|
| 2 |
Parties involved in a cheque. |
- A. A/c holder
- B. Bank
- C. Payee
- D. All of these
|
| 3 |
Popular types of loan issued by the bank according to term are |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 4 |
Which things can be accepted by bank as security at the time of granting loan |
- A. Gold and silver
- B. Property
- C. Shares and debentures of company
- D. All the above
|
| 5 |
The types of credit instrument are. |
- A. Four
- B. Two
- C. three
- D. None of these
|
| 6 |
What is meant by hypothecation |
- A. To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt
- B. To hand over the documents of property by a customer until the repayment of debt
- C. A type of security in which neither the ownership nor the possession passes to the bank
- D. A receipt of loan which shows that money has been borrowed against an immovable property as a security
|
| 7 |
The person in who's favor a cheque is endorsed is called. |
- A. Endorser
- B. Debtor
- C. Endorsee
- D. None of these
|
| 8 |
Bank should advance loans to those people who are strong |
- A. Financially
- B. Domestically
- C. Politically
- D. All the above
|
| 9 |
Cheque is a credit instrument. |
- A. Partial negotiable
- B. Negotiable
- C. Non negotiable
- D. None of these
|
| 10 |
The commercial banks provide the following type of loan by discounting the B/E: |
- A. Short term
- B. Medium term
- C. Long term
- D. All of the above
|
