12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 11 (Non-Negotiable Instruments)

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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test

Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test

Try the Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test.

  • Total Questions15

  • Time Allowed20

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Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test

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Question # 1

Which one can be crossed :

Question # 2

I Owe You is a written instrument drawn by

Question # 3

Which letter of credit is issued for a single or particular transaction:

Question # 4

Which of the following gets facility due to commercial letter of credit:

Question # 5

Which letter of credit is automatically renewed by fulfilling certain conditions

Question # 6

What is recieved by the post office on money order:

Question # 7

Commercial letter of credit is issued for the facilty of:

Question # 8

If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:

Question # 9

Which of the following parties of a letter of credit is called beneficiary

Question # 10

Where are the stock certificates sold and bought

Question # 11

What does IOU mean

Question # 12

Which of the following is an order of payment by one post office for another post office

Question # 13

Which of the following is useful in facilitating trade relation between the businessmen of different countries

Question # 14

If there is no guarantee to honour a letter of credit then it is called:

Question # 15

What does the bank receive on issuing a letter of credit:

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