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	Promissory note means a:	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
2	Which is appointed by govt. to certify the negotiable instrument:	Private attorney Public attorney Notary public Giazetted Officer
3	Bill in which drawer belonging to two different countries:	Inland bill Foreign bill Accommodation bill None of the above
4	A person in whose favour the rights of bill are transferred is called	Drawer Payee Endorsee All of the above
5	Bills of exchange is a negotiable instrument which contains	A written order Conditional written order Unconditional written order None of the above
6	A bill which can be rediscounted from central bank	Sight bill Time bill Both a and b None of these
7	Drawee fo bills of exchange is a person	Who receives the amount of bill On whom the bill is drawn Who accepts the bill In whose favour the bill is transferred
8	Retirement of bill means	Payment of bill before due date Dishonoring of bill due to non-payment Protesting of bill Dishonoring of bill due to non-acceptance
9	Bill which is drawn without any trade transcation	Sight bill Time bill Trade bill Accommodation bill
10	Credit instrument drawn by one bank on another bank is called	Cheque Bills of exchange Bank draft Treasury bill
11	Drawee of the bank draft is a	Bank which issues a draft Bank on which the draft is drawn Payee of draft Sender of amount by draft
12	A person who writes the bill is called	Drawee Drawer Payee Acceptor
13	Bills of exchange is	An order to pay A request to pay A promise to pay All of the above
14	Bills of exchange is a written order which is always	Conditional Unconditional Partially conditional All of the above
15	Drawer and payee of inland promissory note belong to	Same country Different countries Different cities None of the above

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