2nd Year Principles of Banking Chapter 7 TestBanker & Customer Relationship

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. Clubs, cooperative societies, and associations etc. are entitled as following concern:

   1. Partnership

   2. Non-trading

   3. Trading

   4. All the above

2. When a person deposits money in a bank, it is the beginning of:

   1. Bank and customer business

   2. Bank and customer relationship

   3. Lending and borrowing between bank and customer

   4. Relation of confidence and trust

3. Which of the following takes responsibility to manage the property of another:

   1. Trustee

   2. Bailee

   3. Mortgagee

   4. All the above

4. The person who take care of property of other person:

   1. Bailor

   2. Pledger

   3. Truster

   4. Creditor

5. Relation between banker and customer terminates, when a:

   1. Customer becomes mad or lunatic

   2. Customer becomes insane or mental patient

   3. Customer dies

   4. All the above

6. A trustee is the:

   1. Owner of property

   2. Care taker of property

   3. Mortgagee of property

   4. None of the above

7. Which of the following relationship occurs if a customer deposit his money in a bank:

   1. Bank as a debtor and customer as a creditor

   2. Bank as a creditor and customer as a debtor

   3. Bank as an agent and customer as a principal

   4. Bank a modarib and customer as an aamal.

8. When bank provides finance to its consumer under an agreement of Modaraba, the customer becomes:

   1. Consumer

   2. Zarib

   3. Aamal

   4. None of the above

9. The nature of relation between bank and customer is:

   1. Debtor and creditor

   2. Agent and principal

   3. Bailer and bailee

   4. All the above

10. Before opening account in bank, a married woman is asked about her:

    1. Husband’s name

    2. Father’s name

    3. Mother’s name

    4. All the above