12th class Principle of Banking chapter 11 online mcq test with answers for ICom part 2 Principle of Banking Chapter 11 (Non-Negotiable Instruments)

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

Sr. #	Questions	Answers Choice
1	Which letter of credit is automatically renewed by fulfilling certain conditions	Fixed Documentary Confirmed Revolving
2	Which letter of credit is accompanied by some documents	Confirmed Documentary Non-documentary All the above
3	Stock certificate is a document issued by	Commercial bank Central bank Limited companies Stock-market
4	Which of the following is useful in facilitating trade relation between the businessmen of different countries	Bank draft Money order Letter of credit Stock certificate
5	Where are the stock certificates sold and bought	At commercial bank At central bank At post office At stock exchange
6	IOU is a document	Negotiable Non-negotiable Conditional negotiable Unconditional negotiable
7	I Owe You is a written instrument drawn by	Trader Debtor Creditor All the above
8	What does IOU mean	I am a debtor to you I am a creditor to you Both a and b None of these
9	What is the nature of credit instrument IOU	An autograph A monograph A holograph A sonograph
10	Which of the following is used to finance the people who want to travel abroad	Traveller's letter of credit Traveller's cheque Circular note All the above
11	Which of the following is an order of payment by one post office for another post office	Postal order Money order Both a and b None of these