Question # 1

The main content sof bank draft.

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bank branch

Payee

Date

All 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 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 negotiable instrument which contains

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A written order

Conditional written order

Unconditional written order

None of the above

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

Drawee of bank draft is.

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Creditor

Debtor

Issuing bank

Paying bank

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

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Bill of exchage

Promissory note

Draft

None of these

The various kind of bank draft includes.

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Inland draft

Crossed bank draft

Foreign draft

All of these

Bills of exchange is

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An order to pay

A request to pay

A promise to pay

All of the above

Bills of exchange has three:

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Owners

Parties

Shareholders

None of the above

In case of bank draft the drawer is.

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Debtor

Creditor

Bank

Account holder

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

How many parties are involved in bank draft.

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Four

Three

Two

None of these

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

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

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Bank

Drawee

Drawer

Both (B) & (C)

Credit instrument drawn by one bank on another bank is called

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Cheque

Bills of exchange

Bank draft

Treasury bill

Endorser of promissory note is a :

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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

Bills of exchange can be cashed from bank before maturity by:

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Overdraft

Renewal

Discounting

None of the above

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

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