12th Class ICom Part 2 Principles of Banking Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Banking Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	If drawing of a cheque signs o its back for transferring the rights to another person is called	Material change Endorsement Crossing Acceptance
2	A cheque which cannot be cashed at bank's counter	Bearer Order Crossed None of the above
3	Who is called a drawee of cheque	Payee Bank Customer Endorsee
4	Cheque is a credit instrument which is	Negotiable Conditionally negotiable Non negotiable None of the above
5	A cheque which can be cashed by its holder	Bearer Order Crossed Plain
6	Endorsee of cheque is a person	Who receives the amount of cheque In whose favour the rights of cheque are transferred On whom the cheque is drawn Who draws a cheque
7	Bank should advance loans to those people who are strong	Financially Domestically Politically All the above
8	Which of the following is a highly marketable security	Document of title to goods Shares and debentures Immovable property All the above
9	Who does accept the responsibility for repayment debt	Guarantor Personal security Both a and b None of the these
10	What is meant by the principle of diversity regarding issuance of loan	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
11	What is meant by hypothecation	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
12	The loan which can be demanded at any time are called	Short term loans Demand loans Overdraft All the above
13	Main uses of bank funds are	Advancing loans Direct investment Both a and b None of these
14	The main sources of bank's fund are	Own capital Deposits Loan from other banks All the above
15	The loan which is granted by by bank to account holder on temporary basis called	Cash credit Overdraft Demand loan None of the above

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