| 1 |
The bank branch on whic the draft is drawn is. |
- A. Drawer
- B. Payee
- C. Drawee
- D. None of these
|
| 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 |
Draft Drawn and paid in two differnet countries is called. |
- A. Foreign draft
- B. Demand draft
- C. Local draft
- D. None of these
|
| 4 |
The draft which is drawn and paid in two different countries. |
- A. Inland draft
- B. Ordered draft
- C. Foreign draft
- D. Home draft
|
| 5 |
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
|
| 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 |
Bank draft is an order |
- A. Of court
- B. Conditional
- C. Unconditional
- D. Of government
|
| 8 |
A person who writes the bill is called |
- A. Drawee
- B. Drawer
- C. Payee
- D. Acceptor
|
| 9 |
Main parties of promissory note are |
- A. One
- B. Two
- C. Three
- D. Four
|
| 10 |
How many parties are involved in bank draft. |
- A. Four
- B. Three
- C. Two
- D. None of these
|
