| 1 |
Cheque is always crossed by |
- A. Drawer
- B. Drawee
- C. Holder
- D. All of the above
|
| 2 |
Who is called a drawee of cheque |
- A. Payee
- B. Bank
- C. Customer
- D. Endorsee
|
| 3 |
Crossing makes the cheque: |
- A. Unsafe
- B. Unacceptable
- C. Safe
- D. Acceptable
|
| 4 |
Endorsment of a cheque is always: |
- A. Written
- B. Oral
- C. Written and registered
- D. All of the above
|
| 5 |
Inland sight bill of exchange is usually used in. |
- A. Domestic trade
- B. Inter port trade
- C. Foreign trade
- D. None of these
|
| 6 |
The person who endorse the bill of exchange in called. |
- A. Endorser
- B. Trustee
- C. Enddorser
- D. Drawee
|
| 7 |
The person who draws the bill is called. |
- A. Debtor
- B. Drawee
- C. Drawer
- D. Acceptor
|
| 8 |
Which type of a bill can be discounted form bank. |
- A. Sight bill
- B. Time bill
- C. Dishonored bill
- D. Unaccepted bill
|
| 9 |
The name of the person is written on cheque as: |
- A. Drawer
- B. Drawee
- C. Payee
- D. None of these
|
| 10 |
The person who will receive the amount of bill of exchange is. |
- A. Debtor
- B. Payee
- C. Drawee
- D. Acceptor
|
