| 1 |
Negotiable instruments are defined by Act. |
- A. 1881
- B. 1857
- C. 1694
- D. 1935
|
| 2 |
The document which reveals the ownership of goods kept on port: |
- A. Bill of lading
- B. Dock warrant
- C. Delivery order
- D. Railway receipt
|
| 3 |
Which of the following is a highly marketable security |
- A. Document of title to goods
- B. Shares and debentures
- C. Immovable property
- D. All the above
|
| 4 |
The loan which is granted by by bank to account holder on temporary basis called |
- A. Cash credit
- B. Overdraft
- C. Demand loan
- D. None of the above
|
| 5 |
Cheque is a credit instrument. |
- A. Partial negotiable
- B. Negotiable
- C. Non negotiable
- D. None of these
|
| 6 |
Who does accept the responsibility for repayment debt |
- A. Guarantor
- B. Personal security
- C. Both a and b
- D. None of the these
|
| 7 |
The main sources of bank's fund are |
- A. Own capital
- B. Deposits
- C. Loan from other banks
- D. All the above
|
| 8 |
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
|
| 9 |
Cheque is always payable on. |
- A. Phone call
- B. At sight
- C. After banking hour
- D. On demand
|
| 10 |
The cheque which cannot be cashed on the bank counter. |
- A. Bearer cheque
- B. Crossed cheque
- C. Order cheque
- D. Both bearer and order
|
