12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 8 (Bank Funds and their use)

ICOM Part 2 English Medium Principles of Banking Chapter 8 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 8 Online Test"

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

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Question # 1

Two transverse parallel lines on the face of cheque.

Question # 2

Account payee only in the transverse parallel line.

Question # 3

What is called a good security

Question # 4

Crossing makes the cheque

Question # 5

Alternation in cheque must be singed by.

Question # 6

Long term loan period is consisted of:

Question # 7

Security is a powerful tool that ensure the repayment of:

Question # 8

The types of credit instrument are.

Question # 9

Cheque is a credit instrument.

Question # 10

The cheque which cannot be cashed on the bank counter.

Question # 11

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

Question # 12

On every cheque bank gets.

Question # 13

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

Question # 14

Popular types of loan issued by the bank according to term are

Question # 15

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

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ICOM Part 2 English Medium Principles of Banking Chapter 8 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Two transverse parallel lines on the face of cheque.
A. Crossingof cheque
B. Dishnoring of cheque
C. Endorsed of cheque
D. Retirementof cheque
2 The numebr of parties in a cheque are.
A. Two
B. Five
C. Four
D. Three
3 Why does a bank grant loans to businessmen
A. To purchase raw material
B. To pay wages
C. To pay development expenditures
D. All the above
4 Parties involved in a cheque.
A. A/c holder
B. Bank
C. Payee
D. All of these
5 The commercial banks provide the following type of loan by discounting the B/E:
A. Short term
B. Medium term
C. Long term
D. All of the above
6 On which of the following amount of overcraft, bank receives interest:
A. Fix
B. Total
C. Used
D. All of the above
7 Long term loan is advanced against the following security:
A. Non-material
B. Material
C. Personal
D. All of the above
8 Long term loan period is consisted of:
A. Days
B. Months
C. Years
D. All of the above
9 Bank should advance loans to those people who are strong
A. Financially
B. Domestically
C. Politically
D. All the above
10 The document which reveals the ownership of goods kept on port:
A. Bill of lading
B. Dock warrant
C. Delivery order
D. Railway receipt

Test Questions

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