Question # 1

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

Which type of a bill can be discounted form bank.

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Sight bill

Time bill

Dishonored bill

Unaccepted bill

In case of negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

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

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Drawer's name

Payee's name

Customer's name

Endorsee's name

The acceptance of bill with some conditionis called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

Cheque is a credit instrument which is

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Negotiable

Conditionally negotiable

Non negotiable

None of the above

Who can endorse the cheque:

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Holder of cheque

Drawer of cheque

Both A & B

None of these

Cheque is a written order of customer to:

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keep the amount

Transfer the amount

Pay the amount

Recieve the amount

Who did print the cheque in specific form for the first time or firstly:

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Imperial Bank

Bank of England

State Bank of Pakistan

None of the above

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

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Sight bill of exchange

Foreign bill exchnage

Long bill exchange

Short billof exchange

On every cheque bank gets

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Profit

Commission

Tax

Duty

Payment of sight bill is made on.

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Demad

Fixed period

Expiry

Presentation

Safest cheque for making payment is:

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Crossed cheque

Order cheque

Bearer cheque

All of the above

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

Main parties in bill of exchang are.

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Three

Two

Four

Five

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

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