12th class Principle of Banking chapter 10 online mcq test with answers for ICom part 2 Principle of Banking Chapter 10 (Negotiable Instruments (II))

Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test

Sr. #	Questions	Answers Choice
1	Bank draft is always in the form of.	Hand written Printed Stamp paper None of these
2	On issuance of bank draft bank gets.	Tax Commission Profit Duty
3	Written instrument by one bank to another bank.	Bill of exchange Draft Bearer cheque None of these
4	Bank draft is an order	Of court Conditional Unconditional Of government
5	Draft Drawn and paid in two differnet countries is called.	Foreign draft Demand draft Local draft None of these
6	Negoitable credit instruemnts includes	Bank darft Postal order I.O.U Money order
7	How many parties are involved in bank draft.	Four Three Two None of these
8	Bank draft is a credit instrument.	Negotiable Non negotiable Unreadable None of these
9	The signature of the following is compulsory on B/E:	Bank Drawee Drawer Both (B) & (C)
10	Grace days are given to debtor for the patment of:	Bills of exchange Promissory note Treasury bill Cheque
11	Bills of exchange has three:	Owners Parties Shareholders None of the above
12	Bills of exchange can be cashed from bank before maturity by:	Overdraft Renewal Discounting None of the above
13	Treasury bill is a :	Negotiable credit instrument Non-negotiable credit instrument Debentures Shares
14	Treasury bill means:	Amount of government Evidence of governments debt Promise of government to pay None of the above
15	Endorser of promissory note is a :	Person who promises to pay Person who receives the amount of note Person in whose favour the rights are transferred Person who trasfers the rights of note

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