Question # 1

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

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Debtor

Payee

Drawee

Acceptor

Which type of a bill can be discounted form bank.

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Sight bill

Time bill

Dishonored bill

Unaccepted bill

Drawer and drawee belongs to same country.

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Domestic bill

Foregin bill

Trade bill

Accommodation bill

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

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

In case of negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

On every cheque bank gets

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Profit

Commission

Tax

Duty

The type of Foreign or international trade are.

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^Import

Export

Interport

All these

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

A cheque which cannot be cashed at bank's counter

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Bearer

Order

Crossed

None of the above

The person who accepts the bill of exchang is.

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Debtor

Drawer

Payee

None of these

Crossing which contains the name of a particular bank is called

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Regular crossing

Irregular crossing

General crossing

Special crossing

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

When cheque is cashed then its main foil is given to:

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Bank

Customer

Government

None of these

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

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

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