| 1 |
Bank draft is always in the form of. |
- A. Hand written
- B. Printed
- C. Stamp paper
- D. None of these
|
| 2 |
The main content sof bank draft. |
- A. bank branch
- B. Payee
- C. Date
- D. All of these
|
| 3 |
Bank draft is an order |
- A. Of court
- B. Conditional
- C. Unconditional
- D. Of government
|
| 4 |
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
|
| 5 |
Bills of exchange is |
- A. An order to pay
- B. A request to pay
- C. A promise to pay
- D. All of the above
|
| 6 |
Bills of exchange is a negotiable instrument which contains |
- A. A written order
- B. Conditional written order
- C. Unconditional written order
- D. None of the above
|
| 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 |
Which is appointed by govt. to certify the negotiable instrument: |
- A. Private attorney
- B. Public attorney
- C. Notary public
- D. Giazetted Officer
|
| 10 |
Bank draft is a credit instrument. |
- A. Negotiable
- B. Non negotiable
- C. Unreadable
- D. None of these
|
