| 1 |
The person who will receive the amount of bill of exchange is. |
- A. Debtor
- B. Payee
- C. Drawee
- D. Acceptor
|
| 2 |
Main parties in bill of exchang are. |
- A. Three
- B. Two
- C. Four
- D. Five
|
| 3 |
The person who accepts the bill of exchang is. |
- A. Debtor
- B. Drawer
- C. Payee
- D. None of these
|
| 4 |
Payee has no give his identification to bank for receiving the amount of: |
- A. Bearer cheque
- B. Order cheque
- C. Blank cheque
- D. Crossedcheque
|
| 5 |
Crossing makes the cheque: |
- A. Unsafe
- B. Unacceptable
- C. Safe
- D. Acceptable
|
| 6 |
When cheque is cashed then its main foil is given to: |
- A. Bank
- B. Customer
- C. Government
- D. None of these
|
| 7 |
In case of negotiable instruments, the rights can: |
- A. Be tranferred
- B. Not be transferred
- C. Be conditionally transferred
- D. All of the above
|
| 8 |
Drawer and Drawee belongs to two diffrent cities. |
- A. Inland bill
- B. <hr id="null">Short bill<hr id="null">
- C. Long bill
- D. Foreign bill
|
| 9 |
Cheque is a credit instrument which is |
- A. Negotiable
- B. Conditionally negotiable
- C. Non negotiable
- D. None of the above
|
| 10 |
Who can endorse the cheque: |
- A. Holder of cheque
- B. Drawer of cheque
- C. Both A & B
- D. None of these
|
