Top 150+ Solved Banking and Finance 3 MCQ Questions Answer
Q. Which of the following are covered under pledge?
a. Actual delivery of the goods
b. Factory type pledge
c. Constructive delivery of the goods
d. All the above
Q. What is the minimum period of medium and long-term loans?
a. 12 months
b. 18 months
c. 24 months
d. 36 months
Q. The most risky charge from a banker’s point of view is ______?
a. Pledge
b. Hypothecation
c. Mortgage
d. Lien
Q. An equitable mortgage can be created in respect of _______?
a. Government securities
b. Real estate
c. Wheat in a godown
d. Life Policies
Q. A charge where there is neither the transfer of ownership nor the possession is called ______?
a. Hypothecation
b. Lien
c. Pledge
d. Mortgage
Q. The liability of the mortgager is gradually reduced in the case of _______?
a. Equitable mortgage
b. Legal mortgage
c. Usufructuary mortgage
d. Conditional mortgage
Q. These days Banks are offering Loans against Property? Under which business segment, this activitymay be categorized?
a. Corporate Banking
b. Personal Banking
c. Merchant Banking
d. Portfolio Management services
Q. What do we mean by “ECB” in financial terms?
a. Essential Commercial Borrowings
b. Essential Credit & Borrowings
c. External Credit & Business
d. External Commercial Borrowings
Q. Which of the following is a document of the title to the goods?
a. Bill of entry
b. Letter of credit
c. Bill of lading
d. Certificate of origin
Q. What is an impersonal Collateral security?
a. Security in the shape of intangible.
b. Collateral security given by third party.
c. Guarantee provided for securing the death.
d. Collateral security given by the borrower but in the shape of goodwill and trademark.
Q. Unstamped document cannot be rectified in case of………..
a. Mortgage deed
b. Sale deed
c. partition deed
d. none of the above
Q. Neither possession nor ownership is transferred in....
a. Pledge
b. mortgage
c. Hypothecation
d. none
Q. A mortgage can neither sue for foreclosure nor for sale of the property in...............
a. English mortgage
b. Usufructuary mortgage
c. Mortgage by conditional sale
d. none