1 |
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
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2 |
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
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3 |
The various kind of bank draft includes. |
- A. Inland draft
- B. Crossed bank draft
- C. Foreign draft
- D. All of these
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4 |
The document which is used to transfer the deposit from one bank to another is. |
- A. Bank draft
- B. Promissory note
- C. Biull of exchange
- D. All these
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5 |
Credit instrument drawn by one bank on another bank is called |
- A. Cheque
- B. Bills of exchange
- C. Bank draft
- D. Treasury bill
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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
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7 |
The bank branch on whic the draft is drawn is. |
- A. Drawer
- B. Payee
- C. Drawee
- D. None of these
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8 |
The payment of draft is made on. |
- A. Sight
- B. Demand
- C. By psot
- D. Phone call
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9 |
Bank draft is a credit instrument. |
- A. Negotiable
- B. Non negotiable
- C. Unreadable
- D. None of these
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10 |
The signature of the following is compulsory on B/E: |
- A. Bank
- B. Drawee
- C. Drawer
- D. Both (B) & (C)
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