| 1 |
The types of credit instrument are. |
- A. Four
- B. Two
- C. three
- D. None of these
|
| 2 |
Negotiable credit instruments does not includes. |
- A. Cheque
- B. ATM card
- C. Draft
- D. Promissory
|
| 3 |
The goods or items accepted as security for advancing loan should not be: |
- A. Durable
- B. Insured
- C. Under burden
- D. Liquid
|
| 4 |
Crossing makes the cheque |
- A. Acceptable
- B. Dishonour
- C. Safe
- D. None of these
|
| 5 |
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
|
| 6 |
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
|
| 7 |
The person in who's favor a cheque is endorsed is called. |
- A. Endorser
- B. Debtor
- C. Endorsee
- D. None of these
|
| 8 |
Parties involved in a cheque. |
- A. A/c holder
- B. Bank
- C. Payee
- D. All of these
|
| 9 |
On every cheque bank gets. |
- A. Tax
- B. Profit
- C. Duty
- D. Commission
|
| 10 |
If the bank refuses to pay the amount of cheque. |
- A. Discounting
- B. Crossing
- C. Dishonoring
- D. None of these
|
