| 1 |
The word credit has been derived from a latin word. |
- A. Credo
- B. Credere
- C. Creditor
- D. None of these
|
| 2 |
Negotiable credit instruments does not includes. |
- A. Cheque
- B. ATM card
- C. Draft
- D. Promissory
|
| 3 |
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
|
| 4 |
The person in who's favor a cheque is endorsed is called. |
- A. Endorser
- B. Debtor
- C. Endorsee
- D. None of these
|
| 5 |
Cheque consists of future date is called. |
- A. Out date
- B. Post dated
- C. Anti dated
- D. None of these
|
| 6 |
Negotiable instruments are defined by Act. |
- A. 1881
- B. 1857
- C. 1694
- D. 1935
|
| 7 |
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
|
| 8 |
Security is a powerful tool that ensure the repayment of: |
- A. Deposit
- B. Debt
- C. Interest
- D. None of the above
|
| 9 |
Cheque is always payable on. |
- A. Phone call
- B. At sight
- C. After banking hour
- D. On demand
|
| 10 |
The loans obtained for meeting the administrative expenses and purchase of raw material are: |
- A. Short term loans
- B. Medium Term lonas
- C. Long Term lonas
- D. All of the above
|
