Question # 1

What is meant by the principle of diversity regarding issuance of loan

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Lending only to those who can repay the debt at short notice

Lending against some material security

Lending in terms of sure repayment

Lending to different businesses or individuals

Account payee only in the transverse parallel line.

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Bearer cheque

Special crossing

General crossing

None of these

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

The loans which are issued for the period of one to five year called

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Demand loans

Short term loans

Medium term loans

Long term loans

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

What is meant by hypothecation

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To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt

To hand over the documents of property by a customer until the repayment of debt

A type of security in which neither the ownership nor the possession passes to the bank

A receipt of loan which shows that money has been borrowed against an immovable property as a security

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

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Fix

Total

Used

All of the above

Long term loan period is consisted of:

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Days

Months

Years

All of the above

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

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Bill of lading

Dock warrant

Delivery order

Railway receipt

What is called a good security

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Whose price can be determined easily

Which does not have any government restriction

Whose ownership is totally clear

All the above

Bank should advance loans to those people who are strong

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Financially

Domestically

Politically

All the above

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

The goods or items accepted as security for advancing loan should not be:

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Durable

Insured

Under burden

Liquid

Long term is advanced against the following security:

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Non-material

Material

Personal

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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