Question # 1

Draft Drawn and paid in two differnet countries is called.

Choose an answer

Foreign draft

Demand draft

Local draft

None of these

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

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

Choose an answer

Bill of exchage

Promissory note

Draft

None of these

Main parties of promissory note are

Choose an answer

One

Two

Three

Four

The various kind of bank draft includes.

Choose an answer

Inland draft

Crossed bank draft

Foreign draft

All of these

Treasury bill is a :

Choose an answer

Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

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

Credit instrument drawn by one bank on another bank is called

Choose an answer

Cheque

Bills of exchange

Bank draft

Treasury bill

In case of bank draft the drawer is.

Choose an answer

Debtor

Creditor

Bank

Account holder

The main content sof bank draft.

Choose an answer

bank branch

Payee

Date

All of these

Bills of exchange is a written order which is always

Choose an answer

Conditional

Unconditional

Partially conditional

All of the above

Drawee of the bank draft is a

Choose an answer

Bank which issues a draft

Bank on which the draft is drawn

Payee of draft

Sender of amount by draft

Negoitable credit instruemnts includes

Choose an answer

Bank darft

Postal order

I.O.U

Money order

Treasury bill means:

Choose an answer

Amount of government

Evidence of governments debt

Promise of government to pay

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

A person who writes the bill is called

Choose an answer

Drawee

Drawer

Payee

Acceptor

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