Question # 1

Who is called a drawee of cheque

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Payee

Bank

Customer

Endorsee

In case of non-negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

Amount of crossed cheque is recieved:

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From bank's counter

Issueing new cheque

From bank's manager

None of the above

Crossing which contains the name of a particular bank is called

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Regular crossing

Irregular crossing

General crossing

Special crossing

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

Payee has no give his identification to bank for receiving the amount of:

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

The person who will receive the amount of bill of exchange is.

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Debtor

Payee

Drawee

Acceptor

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

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Gazette officer

Notary public

Public attorney

None ofthese

The type of Foreign or international trade are.

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^Import

Export

Interport

All these

The types of local or home trade are.

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Regail trade

Wholescale trade

Interport

Both a and b

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

A cheque which cannot be cashed at bank's counter

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Bearer

Order

Crossed

None of the above

Term dishonoring of cheque is used when

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Bank refuses to pay

Bank stops the payments

Bank delay the payments

Bank gives cheque to clearing house

The person is whose favor thebill is endorsed is.

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Endorsee

Endorser

Debtor

Acceptor

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

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