| 1 |
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
|
| 2 |
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
|
| 3 |
Term dishonoring of cheque is used when |
- A. Bank refuses to pay
- B. Bank stops the payments
- C. Bank delay the payments
- D. Bank gives cheque to clearing house
|
| 4 |
Bank pays money at its counter for: |
- A. Bearer cheque
- B. Order cheque
- C. Both (A) & (B)
- D. Crossed cheque
|
| 5 |
On every cheque bank gets |
- A. Profit
- B. Commission
- C. Tax
- D. Duty
|
| 6 |
Safest cheque for making payment is: |
- A. Crossed cheque
- B. Order cheque
- C. Bearer cheque
- D. All of the above
|
| 7 |
The bill whihc is payable on its presentation is called. |
- A. Sight bill
- B. Time bill
- C. Trade bill
- D. Accommodation bill
|
| 8 |
Endorsment of a cheque is always: |
- A. Written
- B. Oral
- C. Written and registered
- D. All of the above
|
| 9 |
Cheque is a credit instrument which is |
- A. Negotiable
- B. Conditionally negotiable
- C. Non negotiable
- D. None of the above
|
| 10 |
Person who recieves the amount of cheque from bank is called: |
- A. Drawee
- B. Payee
- C. Endorsee
- D. All of the above
|
