| 1 |
Treasury bill means: |
- A. Amount of government
- B. Evidence of governments debt
- C. Promise of government to pay
- D. None of the above
|
| 2 |
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
|
| 3 |
The signature of the following is compulsory on B/E: |
- A. Bank
- B. Drawee
- C. Drawer
- D. Both (B) & (C)
|
| 4 |
The main content sof bank draft. |
- A. bank branch
- B. Payee
- C. Date
- D. All of these
|
| 5 |
On issuance of bank draft bank gets. |
- A. Tax
- B. Commission
- C. Profit
- D. Duty
|
| 6 |
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
|
| 7 |
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
|
| 8 |
Drawee of the bank draft is a |
- A. Bank which issues a draft
- B. Bank on which the draft is drawn
- C. Payee of draft
- D. Sender of amount by draft
|
| 9 |
Drawee of bank draft is. |
- A. Creditor
- B. Debtor
- C. Issuing bank
- D. Paying bank
|
| 10 |
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
|
