Question # 1

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

Drawee of the bank draft is a

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Bank which issues a draft

Bank on which the draft is drawn

Payee of draft

Sender of amount by draft

Main parties of promissory note are

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One

Two

Three

Four

Treasury bill means:

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Amount of government

Evidence of governments debt

Promise of government to pay

None of the above

The various kind of bank draft includes.

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Inland draft

Crossed bank draft

Foreign draft

All of these

An unconditional order of payment by one bank to another bank.

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Bill of exchage

Promissory note

Draft

None of these

Retirement of bill means

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Payment of bill before due date

Dishonoring of bill due to non-payment

Protesting of bill

Dishonoring of bill due to non-acceptance

The draft whihc is drawn and paid intwo different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

The document which is used to transfer the deposit from one bank to another is.

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Bank draft

Promissory note

Biull of exchange

All these

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

The draft having two transvers parallel lines on its face is called.

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Order bank draft

Crossed bank draft

Transvverse draft

All of these

In case of bank draft the drawer is.

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Debtor

Creditor

Bank

Account holder

How many parties are involved in bank draft.

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Four

Three

Two

None of these

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

Draft Drawn and paid in two differnet countries is called.

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Foreign draft

Demand draft

Local draft

None of these

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