8th Chapter

12th Principles of Banking Chapter 8 Test

Here you can prepare 12th Class Principles of Banking Chapter 8 Bank Funds and their use Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 8 online mcq test with answers for ICom part 2 Principle of Banking Chapter 8 (Bank Funds and their use)

This online test contains MCQs about following topics:

. Sources of bank funds . Use of bank funds . Principles of advancing loans . Precaution of advancing loans . Securities and their characteristics . Kinds of securities . Terms used in bank loans

ICOM Part 2 Banking Ch 8 Test
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12th class Principle of Banking chapter 8 online mcq test with answers for ICom part 2 Principle of Banking Chapter 8 (Bank Funds and their use)

Sr. # Questions Answers Choice
1 Negotiable credit instruments does not includes.
  • A. Cheque
  • B. ATM card
  • C. Draft
  • D. Promissory
2 Negotiable credit instrument.
  • A. Control credit
  • B. Stop credit
  • C. Create credit
  • D. None of these
3 Crossing makes the cheque
  • A. Acceptable
  • B. Dishonour
  • C. Safe
  • D. None of these
4 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
5 Cheque is a credit instrument.
  • A. Partial negotiable
  • B. Negotiable
  • C. Non negotiable
  • D. None of these
6 The goods or items accepted as security for advancing loan should not be:
  • A. Durable
  • B. Insured
  • C. Under burden
  • D. Liquid
7 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
8 What is called a good security
  • A. Whose price can be determined easily
  • B. Which does not have any government restriction
  • C. Whose ownership is totally clear
  • D. All the above
9 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
10 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

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