12th class Principle of Banking chapter 9 online mcq test with answers for ICom part 2 Principle of Banking Chapter 9 (Negotiable instruments (I))

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

Sr. #	Questions	Answers Choice
1	The person is whose favor thebill is endorsed is.	Endorsee Endorser Debtor Acceptor
2	The person who draws the bill is called.	Debtor Drawee Drawer Acceptor
3	The bill whihc is payable on its presentation is called.	Sight bill Time bill Trade bill Accommodation bill
4	Payment of sight bill is made on.	Demad Fixed period Expiry Presentation
5	Official empowered by theGovt. attest the negotiable instruments by his seal.	Gazette officer Notary public Public attorney None ofthese
6	Bill of exchange doesn't involved trade dealing.	Trade bill Accommodation bill Both a and b None of these
7	Which type of a bill can be discounted form bank.	Sight bill Time bill Dishonored bill Unaccepted bill
8	The person who accepts the bill of exchang is.	Debtor Drawer Payee None of these
9	The person who will receive the amount of bill of exchange is.	Debtor Payee Drawee Acceptor
10	Main parties in bill of exchang are.	Three Two Four Five
11	Bill of exchange is written order whihc is always.	Unconditional conditional Compulsory None ofthese
12	The name of the person is written on cheque as:	Drawer Drawee Payee None of these
13	The person in whose favour the rights of recieving the amount of cheque transferred:	Endorser Payee Endorsee All of the above
14	Who did print the cheque in specific form for the first time or firstly:	Imperial Bank Bank of England State Bank of Pakistan None of the above
15	Who can endorse the cheque:	Holder of cheque Drawer of cheque Both A & B None of these

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