| 1 |
The draft whihc is drawn and paid intwo different countries. |
- A. Inland draft
- B. Ordered draft
- C. Foreign draft
- D. Home draft
|
| 2 |
An unconditional order of payment by one bank to another bank. |
- A. Bill of exchage
- B. Promissory note
- C. Draft
- D. None of these
|
| 3 |
Drawee of bank draft is. |
- A. Creditor
- B. Debtor
- C. Issuing bank
- D. Paying bank
|
| 4 |
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
|
| 5 |
Bank draft is a credit instrument. |
- A. Negotiable
- B. Non negotiable
- C. Unreadable
- D. None of these
|
| 6 |
Bank draft is always in the form of. |
- A. Hand written
- B. Printed
- C. Stamp paper
- D. None of these
|
| 7 |
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
|
| 8 |
Negoitable credit instruemnts includes |
- A. Bank darft
- B. Postal order
- C. I.O.U
- D. Money order
|
| 9 |
The draft which is drawn and paid in two different countries. |
- A. Inland draft
- B. Ordered draft
- C. Foreign draft
- D. Home draft
|
| 10 |
Bill which is drawn without any trade transcation |
- A. Sight bill
- B. Time bill
- C. Trade bill
- D. Accommodation bill
|
