| 1 |
Drawee fo bills of exchange is a person |
- A. Who receives the amount of bill
- B. On whom the bill is drawn
- C. Who accepts the bill
- D. In whose favour the bill is transferred
|
| 2 |
Bills of exchange has three: |
- A. Owners
- B. Parties
- C. Shareholders
- D. None of the above
|
| 3 |
Bills of exchange is |
- A. An order to pay
- B. A request to pay
- C. A promise to pay
- D. All of the above
|
| 4 |
How many parties are involved in bank draft. |
- A. Four
- B. Three
- C. Two
- D. None of these
|
| 5 |
Bills of exchange can be cashed from bank before maturity by: |
- A. Overdraft
- B. Renewal
- C. Discounting
- D. None of the above
|
| 6 |
The draft which is drawn and paid in two different countries. |
- A. Inland draft
- B. Ordered draft
- C. Foreign draft
- D. Home draft
|
| 7 |
Grace days are given to debtor for the patment of: |
- A. Bills of exchange
- B. Promissory note
- C. Treasury bill
- D. Cheque
|
| 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 |
The draft having two transvers parallel lines on its face is called. |
- A. Order bank draft
- B. Crossed bank draft
- C. Transvverse draft
- D. All of these
|
| 10 |
Drawee of bank draft is. |
- A. Creditor
- B. Debtor
- C. Issuing bank
- D. Paying bank
|
