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 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
2 Promissory note means a:
  • A. Promise to pay fixed amount on fixed date
  • B. Promise to pay currency notes on fixed date
  • C. Promise to pay goods on fixed date
  • D. All of the above
3 The various kind of bank draft includes.
  • A. Inland draft
  • B. Crossed bank draft
  • C. Foreign draft
  • D. All of these
4 The document which is used to transfer the deposit from one bank to another is.
  • A. Bank draft
  • B. Promissory note
  • C. Biull of exchange
  • D. All these
5 Credit instrument drawn by one bank on another bank is called
  • A. Cheque
  • B. Bills of exchange
  • C. Bank draft
  • D. Treasury bill
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 bank branch on whic the draft is drawn is.
  • A. Drawer
  • B. Payee
  • C. Drawee
  • D. None of these
8 The payment of draft is made on.
  • A. Sight
  • B. Demand
  • C. By psot
  • D. Phone call
9 Bank draft is a credit instrument.
  • A. Negotiable
  • B. Non negotiable
  • C. Unreadable
  • D. None of these
10 The signature of the following is compulsory on B/E:
  • A. Bank
  • B. Drawee
  • C. Drawer
  • D. Both (B) & (C)

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