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	The loans which are issued for the period of one to five year called	Demand loans Short term loans Medium term loans Long term loans
2	Bank prefers to advance loan on such documents	Which are easy to keep Which are transferable Whose price can be determined easily All the above
3	What is called a good security	Whose price can be determined easily Which does not have any government restriction Whose ownership is totally clear All the above
4	Popular types of loan issued by the bank according to term are	Two Three Four Five
5	Which things can be accepted by bank as security at the time of granting loan	Gold and silver Property Shares and debentures of company All the above
6	Why does a bank grant loans to businessmen	To purchase raw material To pay wages To pay development expenditures All the above
7	A form of written agreement between bank and customer is	Cheque book Pass book Application form for opening account None of the above
8	Which of the following cannot open account in a bank	Pargah-nasheen women Minor or infant Lunatic or mental patient Non-trading concern
9	When a person deposits money in a bank, it is the beginning of	Bank and customer business Bank and customer relationship Lending and borrowing between bank and customer Relation of confidence and trust
10	Which of the following terms is used regarding the confirmation of death of bank customer	Stopped account Cancelled account Deceased account Closed account
11	What is the status of an account if opened by a government institution	A non-trading concern An individual A joint-stock company A joint customer
12	Which of the following takes responsibility to manage the property of another	Trustee Bailee Mortgagee All the above
13	Which of the following relationships occurs if a customer deposits his money in a bank	Bank as a debtor and customer as a creditor Bank as a creditor and customer as a debtor Bank as an agent and customer as a principle Bank a modarib and customer as an aamal
14	Head of any government institution can open account with a bank in the capacity of	Consumer Principal Employee None of the above
15	Clubs, cooperative societies, and associations etc. are entitled as following concern	Partnership Non-trading Trading All the above

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