| 1 |
Main parties in bill of exchang are. |
- A. Three
- B. Two
- C. Four
- D. Five
|
| 2 |
Endorsment of a cheque is always: |
- A. Written
- B. Oral
- C. Written and registered
- D. All of the above
|
| 3 |
The bill of exchange who's tenor is less than three month is. |
- A. Long bill of exchange
- B. Foreign bill of exchange
- C. Short bill of exchange
- D. Sight bill of exchange
|
| 4 |
Cheque is a written order of customer to: |
- A. keep the amount
- B. Transfer the amount
- C. Pay the amount
- D. Recieve the amount
|
| 5 |
On every cheque bank gets |
- A. Profit
- B. Commission
- C. Tax
- D. Duty
|
| 6 |
Honoured cheuqe is a cheque which is |
- A. Accepted by drawee for payment
- B. Accepted by payee
- C. Accepted by endorsee
- D. All of the above
|
| 7 |
Three grace days are given to debtors for payment. |
- A. Bill of exchange
- B. Promissory note
- C. Bank draft
- D. All of these
|
| 8 |
If drawer of cheque is a payee himself then what word is written after the word pay: |
- A. Order
- B. Bearer
- C. Self
- D. None of the above
|
| 9 |
A cheque which cannot be cashed at bank's counter |
- A. Bearer
- B. Order
- C. Crossed
- D. None of the above
|
| 10 |
Who is called a drawee of cheque |
- A. Payee
- B. Bank
- C. Customer
- D. Endorsee
|
