Question # 1

Who is called a drawee of cheque

Choose an answer

Payee

Bank

Customer

Endorsee

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

Choose an answer

Bearer cheque

Order cheque

Blank cheque

Crossedcheque

Amount of crossed cheque is recieved:

Choose an answer

From bank's counter

Issueing new cheque

From bank's manager

None of the above

The person in whose favour the rights of recieving the amount of cheque transferred:

Choose an answer

Endorser

Payee

Endorsee

All of the above

Endorsment of a cheque is always:

Choose an answer

Written

Oral

Written and registered

All of the above

Crossing of cheque is cancelled by

Choose an answer

Drawer

Drawee

Holder

All of the above

The type of Foreign or international trade are.

Choose an answer

^Import

Export

Interport

All these

The person who accepts the bill of exchang is.

Choose an answer

Debtor

Drawer

Payee

None of these

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

Choose an answer

Sight bill of exchange

Foreign bill exchnage

Long bill exchange

Short billof exchange

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

Choose an answer

Gazette officer

Notary public

Public attorney

None ofthese

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

Choose an answer

Drawer's name

Payee's name

Customer's name

Endorsee's name

Cheque is a credit instrument which is

Choose an answer

Negotiable

Conditionally negotiable

Non negotiable

None of the above

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

Choose an answer

Order

Bearer

Self

None of the above

Honoured cheuqe is a cheque which is

Choose an answer

Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

Main parties in bill of exchang are.

Choose an answer

Three

Two

Four

Five

Bill of exchange is written order whihc is always.

Choose an answer

Unconditional

conditional

Compulsory

None ofthese

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer