10th Chapter

12th Principles of Banking Chapter 10 Test

Here you can prepare 12th Class Principles of Banking Chapter 10 Negotiable Instruments (II) Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 10 online mcq test with answers for ICom part 2 Principle of Banking Chapter 10 (Negotiable Instruments (II))

This online test contains MCQs about following topics:

. Definition and parties of bills of exchange . Characteristics of bills of exchange . Kinds of bills of exchange . Advantages of bills of exchange . Definitiion and parties of promissory note . Definition, parties and kinds of bank draft . Features and merits of bank draft . Definitioin and features of treasurey bill . Comparison of different credit instruments

ICOM Part 2 Banking Ch 10 Test
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12th class Principle of Banking chapter 10 online mcq test with answers for ICom part 2 Principle of Banking Chapter 10 (Negotiable Instruments (II))

Sr. # Questions Answers Choice
1 Bank draft is an order
  • A. Of court
  • B. Conditional
  • C. Unconditional
  • D. Of government
2 The draft whihc is drawn and paid intwo different countries.
  • A. Inland draft
  • B. Ordered draft
  • C. Foreign draft
  • D. Home draft
3 On issuance of bank draft bank gets.
  • A. Tax
  • B. Commission
  • C. Profit
  • D. Duty
4 The main characteristics of bank draft.
  • A. Written
  • B. On demand
  • C. Certain payment
  • D. All of these
5 Main parties of promissory note are
  • A. One
  • B. Two
  • C. Three
  • D. Four
6 Draft drawn and pid in two different parties int he same country is called.
  • A. Foreign draft
  • B. Demand draft
  • C. Local draft
  • D. None of these
7 The bills of exchange which is paid after the expiry of fixed period of time called
  • A. Accommodation bill
  • B. Sight bill
  • C. Time bill
  • D. All of the above
8 Promissory note drawn by two or more persons is called
  • A. Individual promissory note
  • B. Joint promissory note
  • C. Foreign promissory note
  • D. All of the above
9 Negoitable credit instruemnts includes
  • A. Bank darft
  • B. Postal order
  • C. I.O.U
  • D. Money order
10 Bank draft is a credit instrument.
  • A. Negotiable
  • B. Non negotiable
  • C. Unreadable
  • D. None of these

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