Question # 1

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

Negoitable credit instruemnts includes

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Bank darft

Postal order

I.O.U

Money order

Credit instrument drawn by one bank on another bank is called

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Cheque

Bills of exchange

Bank draft

Treasury bill

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

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Bill of exchage

Promissory note

Draft

None of 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 whihc is drawn and paid intwo different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

Drawer and payee of inland promissory note belong to

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Same country

Different countries

Different cities

None of the above

Negotiable credit instrument do not include.

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Bank draft

Cheque

Postal orders

Treasury bill

In case of bank draft the drawer is.

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Debtor

Creditor

Bank

Account holder

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

Promissory note drawn by two or more persons is called

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Individual promissory note

Joint promissory note

Foreign promissory note

All of the above

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

None of these

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

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

The various kind of bank draft includes.

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Inland draft

Crossed bank draft

Foreign draft

All of these

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

Draft Drawn and paid in two differnet countries is called.

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Foreign draft

Demand draft

Local draft

None of these

A person who writes the bill is called

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Drawee

Drawer

Payee

Acceptor

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

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