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

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

Sr. # Questions Answers Choice
1 Negotiable credit instruments does not includes. Cheque ATM card Draft Promissory
2 Negotiable instruments are defined by Act. 1881 1857 1694 1935
3 The word credit has been derived from a latin word. Credo Credere Creditor None of these
4 The goods or items accepted as security for advancing loan should not be: Durable Insured Under burden Liquid
5 In case of mortage, the property remains in the possession of: Lender (creditors) Borrower (debtors) The government All of the above
6 The loans obtained for meeting the administrative expenses and purchase of raw material are: Short term loans Medium Term lonas Long Term lonas All of the above
7 The commercial banks provide the following type of loan by discounting the B/E: Short term Medium term Long term All of the above
8 The document which reveals the ownership of goods kept on port: Bill of lading Dock warrant Delivery order Railway receipt
9 On which of the following amount of overcraft, bank receives interest: Fix Total Used All of the above
10 Long term loan period is consisted of: Days Months Years All of the above
11 Long term loan is advanced against the following security: Non-material Material Personal All of the above
12 Security is a powerful tool that ensure tthe repayment of: Deposit Dept Interest None of the above
13 Long term is advanced against the following security: Non-material Material Personal All of the above
14 Security is a powerful tool that ensure the repayment of: Deposit Debt Interest None of the above
15 Bank should advance loans to those people who are strong Financially Domestically Politically All the above
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