12th Class Statistics MCQS
What is meant by the principle of diversity regarding issuance of loan
Lending against some material security
Lending in terms of sure repayment
Lending to different businesses or individuals
Lending only to those who can repay the debt at short notice
The central bank works under the rules framed by:
Different banks
Government
All of the above
People
Crossing of cheque is cancelled by
Holder
Drawee
Drawer
All of the above
Term “or oreder” is written in order cheque after:
Customer’s name
Endorsee’s name
Payee’s name
Drawer’s name
The person who opens a bank account is called:
Customer of bank
None of them
Owner of bank
Employee of bank
The loans which are issued for the period of one to five year called
Long term loans
Medium term loans
Demand loans
Short term loans
Which of the following parties of a letter of credit is called beneficiary
Exporter
Advising bank
Importer
Opening bank
The primary objective of a central bank is to
All of the above
Advance loans to traders
Earn profit
Safeguard the national interest
Which of the following can be cancelled by the issuing bank without the consent of the other parties
Revolving letter of credit
Unconditional letter of credit
Revocable letter of credit
Irrevocable letter of credit
Which of the following banks accepts deposits and advances loans
Mortgage bank
Cooperative bank
Central bank
Commercial bank
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