| 1 |
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
|
| 2 |
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
|
| 3 |
Negoitable credit instruemnts includes |
- A. Bank darft
- B. Postal order
- C. I.O.U
- D. Money order
|
| 4 |
A person in whose favour the rights of bill are transferred is called |
- A. Drawer
- B. Payee
- C. Endorsee
- D. All of the above
|
| 5 |
Draft Drawn and paid in two differnet countries is called. |
- A. Foreign draft
- B. Demand draft
- C. Local draft
- D. None of these
|
| 6 |
A bill which can be rediscounted from central bank |
- A. Sight bill
- B. Time bill
- C. Both a and b
- 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 |
Bills of exchange has three: |
- A. Owners
- B. Parties
- C. Shareholders
- D. None of the above
|
| 10 |
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
|
