12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 9 (Negotiable instruments (I))

ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test

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Question # 1

Which type of a bill can be discounted form bank.

Question # 2

The person in whose favour the rights of recieving the amount of cheque transferred:

Question # 3

On every cheque bank gets

Question # 4

Endorsment of a cheque is always:

Question # 5

A cheque which can be cashed by its holder

Question # 6

Main parties in bill of exchang are.

Question # 7

The person who draws the bill is called.

Question # 8

Crossing makes the cheque:

Question # 9

Term dishonoring of cheque is used when

Question # 10

Bill of exchange doesn't involved trade dealing.

Question # 11

The person who endorse the bill of exchange in called.

Question # 12

Inland sight bill of exchange is usually used in.

Question # 13

Three grace days are given to debtors for payment.

Question # 14

Person who recieves the amount of cheque from bank is called:

Question # 15

Cheque is a written order of customer to:

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ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
2 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
3 Cheque signed by drawer without filling is called
A. Plain
B. Blank
C. Open
D. Traveller's cheque
4 A cheque which cannot be cashed at bank's counter
A. Bearer
B. Order
C. Crossed
D. None of the above
5 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
6 The bill of exchange who's tenor is more than three month is.
A. Sight bill of exchange
B. Foreign bill exchnage
C. Long bill exchange
D. Short billof exchange
7 Person who recieves the amount of cheque from bank is called:
A. Drawee
B. Payee
C. Endorsee
D. All of the above
8 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
9 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
10 The person who will receive the amount of bill of exchange is.
A. Debtor
B. Payee
C. Drawee
D. Acceptor

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