| 1 |
Long term loan period is consisted of: |
- A. Days
- B. Months
- C. Years
- D. All of the above
|
| 2 |
In case of mortage, the property remains in the possession of: |
- A. Lender (creditors)
- B. Borrower (debtors)
- C. The government
- D. All of the above
|
| 3 |
The loans which are issued for the period of one to five year called |
- A. Demand loans
- B. Short term loans
- C. Medium term loans
- D. Long term loans
|
| 4 |
Popular types of loan issued by the bank according to term are |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 5 |
Cheque is a credit instrument. |
- A. Partial negotiable
- B. Negotiable
- C. Non negotiable
- D. None of these
|
| 6 |
What is meant by the principle of diversity regarding issuance of loan |
- A. Lending only to those who can repay the debt at short notice
- B. Lending against some material security
- C. Lending in terms of sure repayment
- D. Lending to different businesses or individuals
|
| 7 |
If the bank refuses to pay the amount of cheque. |
- A. Discounting
- B. Crossing
- C. Dishonoring
- D. None of these
|
| 8 |
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
|
| 9 |
The person in who's favor a cheque is endorsed is called. |
- A. Endorser
- B. Debtor
- C. Endorsee
- D. None of these
|
| 10 |
Long term loan is advanced against the following security: |
- A. Non-material
- B. Material
- C. Personal
- D. All of the above
|
