| 1 |
Credit instrument drawn by one bank on another bank is called |
- A. Cheque
- B. Bills of exchange
- C. Bank draft
- D. Treasury bill
|
| 2 |
A bill which can be rediscounted from central bank |
- A. Sight bill
- B. Time bill
- C. Both a and b
- D. None of these
|
| 3 |
Bills of exchange has three: |
- A. Owners
- B. Parties
- C. Shareholders
- D. None of the above
|
| 4 |
Treasury bill means: |
- A. Amount of government
- B. Evidence of governments debt
- C. Promise of government to pay
- D. None of the above
|
| 5 |
The various kind of bank draft includes. |
- A. Inland draft
- B. Crossed bank draft
- C. Foreign draft
- D. All of these
|
| 6 |
The bank branch on whic the draft is drawn is. |
- A. Drawer
- B. Payee
- C. Drawee
- D. None of these
|
| 7 |
Bank draft is an order |
- A. Of court
- B. Conditional
- C. Unconditional
- D. Of government
|
| 8 |
Bills of exchange is a written order which is always |
- A. Conditional
- B. Unconditional
- C. Partially conditional
- D. All of the above
|
| 9 |
Drawee of bank draft is. |
- A. Creditor
- B. Debtor
- C. Issuing bank
- D. Paying bank
|
| 10 |
Bank draft is always in the form of. |
- A. Hand written
- B. Printed
- C. Stamp paper
- D. None of these
|
