Question # 1

The payment of draft is made on.

Choose an answer

Sight

Demand

By psot

Phone call

The signature of the following is compulsory on B/E:

Choose an answer

Bank

Drawee

Drawer

Both (B) & (C)

Negotiable credit instrument do not include.

Choose an answer

Bank draft

Cheque

Postal orders

Treasury bill

Promissory note drawn by two or more persons is called

Choose an answer

Individual promissory note

Joint promissory note

Foreign promissory note

All of the above

In case of bank draft the drawer is.

Choose an answer

Debtor

Creditor

Bank

Account holder

The draft whihc is drawn and paid intwo different countries.

Choose an answer

Inland draft

Ordered draft

Foreign draft

Home draft

Written instrument by one bank to another bank.

Choose an answer

Bill of exchange

Draft

Bearer cheque

None of these

Endorser of promissory note is a :

Choose an answer

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

A person who writes the bill is called

Choose an answer

Drawee

Drawer

Payee

Acceptor

Bills of exchange is a negotiable instrument which contains

Choose an answer

A written order

Conditional written order

Unconditional written order

None of the above

A bill which can be rediscounted from central bank

Choose an answer

Sight bill

Time bill

Both a and b

None of these

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

Choose an answer

Bill of exchage

Promissory note

Draft

None of these

Drawer and payee of inland promissory note belong to

Choose an answer

Same country

Different countries

Different cities

None of the above

Grace days are given to debtor for the patment of:

Choose an answer

Bills of exchange

Promissory note

Treasury bill

Cheque

Treasury bill is a :

Choose an answer

Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

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

Choose an answer

Bank draft

Promissory note

Biull of exchange

All these

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer