Question # 1

Drawer and drawee belongs to same country.

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Domestic bill

Foregin bill

Trade bill

Accommodation bill

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

Inland sight bill of exchange is usually used in.

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Domestic trade

Inter port trade

Foreign trade

None of these

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

What is written on the leaf of a cheque about customer

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Name

Address

Telephone number

Account number

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

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Gazette officer

Notary public

Public attorney

None ofthese

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

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

Cheque signed by drawer without filling is called

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Plain

Blank

Open

Traveller's cheque

Endorsee of cheque is a person

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Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All 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

Cheque is a written order of customer to:

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keep the amount

Transfer the amount

Pay the amount

Recieve the amount

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

In case of negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Cheque is a credit instrument which is

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Negotiable

Conditionally negotiable

Non negotiable

None of the above

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

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