Principles of Banking I Com Part 2 MCQS Set 2

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Principles of Banking I Com Part 2 MCQS

The loan which can be demanded by bank at anytime:
All of the above
Demand loans
Bills of exchange

Term “or oreder” is written in order cheque after:
Customer’s name
Endorsee’s name
Payee’s name
Drawer’s name

Promissory note drawn by two or more persons is called
Joint promissory note
All of the above
Foreign promissory note
Individual promissory note

If drawing of a cheque signs o its back for transferring the rights to another person is called
Material change

Which function does a central bank not perform
Lender of last resort
Banker of the public
Advancing loans
Credit creation

How many benefits of bankers

A trustee is the:
Owner of property
None of the above
Care taker of property
Mortgagee of property

Relation between banker and customer terminates, when a :
Customer becomes insane or mental
Customer becomes mad or lunatic
Customer dies
All od them

In case of non-negotiable instruments, the rights can:
Not be transferred
Be tranferred
All of the above
Be conditionally transferred

Which of the following is useful in facilitating trade relation between the businessmen of different countries
Stock certificate
Money order
Bank draft
Letter of credit

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