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

Cheque is always crossed by

Question # 2

Cheque is a written order of customer to:

Question # 3

The person who accept the of billof excange on behalf of drawee is called.

Question # 4

Which type of a bill can be discounted form bank.

Question # 5

The acceptance of bill without some condition is called.

Question # 6

Cheque signed by drawer without filling is called

Question # 7

The bill of exchange who's tenor is less than three month is.

Question # 8

Payment of sight bill is made on.

Question # 9

Drawer and Drawee belongs to two diffrent cities.

Question # 10

Term "or oreder" is written in order cheque after:

Question # 11

Crossing makes the cheque:

Question # 12

The person who draws the bill is called.

Question # 13

On every cheque bank gets

Question # 14

Official empowered by theGovt. attest the negotiable instruments by his seal.

Question # 15

Cheque is a credit instrument which is

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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 is whose favor thebill is endorsed is.
A. Endorsee
B. Endorser
C. Debtor
D. Acceptor
2 The acceptance of bill without some condition is called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
3 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
4 Endorsment of a cheque is always:
A. Written
B. Oral
C. Written and registered
D. All of the above
5 Amount of crossed cheque is recieved:
A. From bank's counter
B. Issueing new cheque
C. From bank's manager
D. None of the above
6 A cheque which can be cashed by its holder
A. Bearer
B. Order
C. Crossed
D. Plain
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 Person who recieves the amount of cheque from bank is called:
A. Drawee
B. Payee
C. Endorsee
D. All of the above
9 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
10 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b

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