Question # 1

Long term loan period is consisted of:

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Days

Months

Years

All of the above

On every cheque bank gets.

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Tax

Profit

Duty

Commission

The numebr of parties in a cheque are.

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Two

Five

Four

Three

The document which reveals the ownership of goods kept on port:

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Bill of lading

Dock warrant

Delivery order

Railway receipt

Which things can be accepted by bank as security at the time of granting loan

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Gold and silver

Property

Shares and debentures of company

All the above

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

The person in who's favor a cheque is endorsed is called.

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Endorser

Debtor

Endorsee

None of these

On which of the following amount of overcraft, bank receives interest:

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Fix

Total

Used

All of the above

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

The loans obtained for meeting the administrative expenses and purchase of raw material are:

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Short term loans

Medium Term lonas

Long Term lonas

All of the above

The main sources of bank's fund are

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Own capital

Deposits

Loan from other banks

All the above

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

In case of mortage, the property remains in the possession of:

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Lender (creditors)

Borrower (debtors)

The government

All of the above

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Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers

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