| 1 |
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
|
| 2 |
Inland sight bill of exchange is usually used in. |
- A. Domestic trade
- B. Inter port trade
- C. Foreign trade
- D. None of these
|
| 3 |
Safest cheque for making payment is: |
- A. Crossed cheque
- B. Order cheque
- C. Bearer cheque
- D. All of the above
|
| 4 |
Official empowered by theGovt. attest the negotiable instruments by his seal. |
- A. Gazette officer
- B. Notary public
- C. Public attorney
- D. None ofthese
|
| 5 |
Grace days are given to debtors for payment. |
- A. 3 days
- B. 4 days
- C. 5 days
- D. 6 days
|
| 6 |
Person who recieves the amount of cheque from bank is called: |
- A. Drawee
- B. Payee
- C. Endorsee
- D. All of the above
|
| 7 |
A cheque which cannot be cashed at bank's counter |
- A. Bearer
- B. Order
- C. Crossed
- D. None of the above
|
| 8 |
Cheque is a written order drawn on |
- A. Endorsee
- B. Bank
- C. Customer
- D. All of the above
|
| 9 |
Payment of sight bill is made on. |
- A. Demad
- B. Fixed period
- C. Expiry
- D. Presentation
|
| 10 |
Cheque is a credit instrument which is |
- A. Negotiable
- B. Conditionally negotiable
- C. Non negotiable
- D. None of the above
|
