| 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
|
