| 1 |
Cheque is a credit instrument. |
- A. Partial negotiable
- B. Negotiable
- C. Non negotiable
- D. None of these
|
| 2 |
Long term loan period is consisted of: |
- A. Days
- B. Months
- C. Years
- D. All of the above
|
| 3 |
Bank should advance loans to those people who are strong |
- A. Financially
- B. Domestically
- C. Politically
- D. All the above
|
| 4 |
Negotiable credit instrument. |
- A. Control credit
- B. Stop credit
- C. Create credit
- D. None of these
|
| 5 |
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
|
| 6 |
Negotiable credit instruments does not includes. |
- A. Cheque
- B. ATM card
- C. Draft
- D. Promissory
|
| 7 |
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
|
| 8 |
Why does a bank grant loans to businessmen |
- A. To purchase raw material
- B. To pay wages
- C. To pay development expenditures
- D. All the above
|
| 9 |
Popular types of loan issued by the bank according to term are |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 10 |
The person in who's favor a cheque is endorsed is called. |
- A. Endorser
- B. Debtor
- C. Endorsee
- D. None of these
|
