BNK601 - Banking Laws & Practices

All MCQs Tests - VU BNK601 - Banking Laws & Practices

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Subject	BNK601 - Banking Laws & Practices			Chapter / Term	All MCQs
Quiz No	1	Total Time	10 Minute(s)	No. of Questions	10 Question(s)

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Chapter / Term

Time

Question(s)

Q1

Question 1: Which of the following is the technical term used for “Letter of Credit”?

Documentary credit

Documentary evidence

Documentary instrument

Documentary proposal

Q2

Question 2: According to Negotiable Instrument Act, 1881, which of the following is NOT the type of promissory note?

A promise to pay a certain sum of money to a person

A promise to pay a certain sum of money to the order

A promise to pay the bearer

A promise to pay certain sum of money at some time

Q3

Question 3: Under Prudential Regulations, the maximum tenure of the auto loan finance shall not exceed:

Five years

Six years

Seven years

Eight years

Q4

Question 4: Which of the following is the fundamental objective of Bank Management?

To maximize bank’s profit

To be the top most bank in the competition

To maximize shareholder’s wealth

To earn extraordinary profits

Q5

Question 5: According to URR525, which of the following is a request for reimbursement from the Claiming Bank to the Reimbursing Bank?

Reimbursement authorizations

Reimbursement amendment

Reimbursement claim

Reimbursement undertaking

Q6

Question 6: All of the following are essentials of a valid acceptance of an instrument, EXCEPT:

Must be conditional

Signed by drawee or his agent

Acceptance must appear on the bill

Accepted bill must be delivered to the holder

Q7

Question 7: According to Negotiable Instrument Act, 1881, which of the following is the essential of a cheque?

It should contain conditional order

It must not be signed by drawer

Cheque is not payable on demand

It is payable to specified person

Q8

Question 8: An endorsement is said to be Partial endorsement, if it satisfies which of the following conditions?

If the endorser signs his name only

If the endorser adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person

If the endorser restricts or excludes the right to further negotiate the instrument

If the endorser purports to transfer to the endorsee only a part of the amount payable

Q9

Question 9: Prudential Regulations issued by State Bank of Pakistan were announced on which of the following dates?

33786

33479

33725

33448

Q10

Question 10: All of the following are salient features of Current Profit Driven Culture of the bank, EXCEPT:

Primary emphasis is on loan volume and growth with the intent of having the largest market share

Underwriting is very aggressive and management accepts loan concentrations and above-average credit risk

Outcome is typically higher profit in good times, followed by lower profit in bad times when loan losses increase

Outcome is that loan quality suffers over time, while profit is modest because loan growth comes from below-market pricing and greater risk taking

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BNK601 - Banking Laws & Practices

All MCQs Tests - VU BNK601 - Banking Laws & Practices

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Chapter / Term

Time

Question(s)

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Q3

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BNK601 Related Quizzes

BNK601 Final Term Quiz No.1

BNK601 Final Term Quiz No.2

BNK601 Final Term Quiz No.3

BNK601 Lecture No.02 Quiz No.1

BNK601 Lecture No.03 Quiz No.1

BNK601 Lecture No.04 Quiz No.1

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BNK601 Lecture No.36 Quiz No.1

BNK601 Mid Term Quiz No.1

BNK601 Mid Term Quiz No.2

BNK601 Mid Term Quiz No.3

BNK601 Mid Term Quiz No.4

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Other course code categories

ACC - Accounting

BIF - Bioinformatics

BIO - Biology

BNK - Banking

BT - Biotechnology

CHE - Chemistry

CS - Computer Sciences

ECO - Economics

EDU - Education

ENG - English

FIN - Finance

HRM - Human Resources

ISL - Islamic Studies

IT - Info Tech.

MCM - Mass Media

MGMT - Management

MGT - Finance And Management

MKT - Marketing