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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test MCQs With Answers
Question # 1
The bank branch on whic the draft is drawn is.
Choose an answer
Drawer
Payee
Drawee
None of these
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Question # 2
Bill in which drawer belonging to two different countries:
Choose an answer
Inland bill
Foreign bill
Accommodation bill
None of the above
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Question # 3
A person in whose favour the rights of bill are transferred is called
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Drawer
Payee
Endorsee
All of the above
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Question # 4
An unconditional order of payment by one bank to another bank.
Choose an answer
Bill of exchage
Promissory note
Draft
None of these
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Question # 5
The main content sof bank draft.
Choose an answer
bank branch
Payee
Date
All of these
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Question # 6
Treasury bill means:
Choose an answer
Amount of government
Evidence of governments debt
Promise of government to pay
None of the above
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Question # 7
Which is appointed by govt. to certify the negotiable instrument:
Choose an answer
Private attorney
Public attorney
Notary public
Giazetted Officer
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Question # 8
Promissory note means a:
Choose an answer
Promise to pay fixed amount on fixed date
Promise to pay currency notes on fixed date
Promise to pay goods on fixed date
All of the above
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Question # 9
A bill which can be rediscounted from central bank
Choose an answer
Sight bill
Time bill
Both a and b
None of these
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Question # 10
Bill which is drawn without any trade transcation
Choose an answer
Sight bill
Time bill
Trade bill
Accommodation bill
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Question # 11
Drawer and payee of inland promissory note belong to
Choose an answer
Same country
Different countries
Different cities
None of the above
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Question # 12
Draft drawn and pid in two different parties int he same country is called.
Choose an answer
Foreign draft
Demand draft
Local draft
None of these
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Question # 13
Treasury bill is a :
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Negotiable credit instrument
Non-negotiable credit instrument
Debentures
Shares
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Question # 14
The draft which is drawn and paid in two different countries.
Choose an answer
Inland draft
Ordered draft
Foreign draft
Home draft
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Question # 15
Negotiable credit instrument do not include.
Choose an answer
Bank draft
Cheque
Postal orders
Treasury bill
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