12th Class ICom Part 2 Principles of Banking Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Banking Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Drawer and drawee belongs to same country.	Domestic bill Foregin bill Trade bill Accommodation bill
2	The person is whose favor thebill is endorsed is.	Endorsee Endorser Debtor Acceptor
3	The person who draws the bill is called.	Debtor Drawee Drawer Acceptor
4	The bill whihc is payable on its presentation is called.	Sight bill Time bill Trade bill Accommodation bill
5	Payment of sight bill is made on.	Demad Fixed period Expiry Presentation
6	Official empowered by theGovt. attest the negotiable instruments by his seal.	Gazette officer Notary public Public attorney None ofthese
7	Bill of exchange doesn't involved trade dealing.	Trade bill Accommodation bill Both a and b None of these
8	Which type of a bill can be discounted form bank.	Sight bill Time bill Dishonored bill Unaccepted bill
9	The person who accepts the bill of exchang is.	Debtor Drawer Payee None of these
10	The person who will receive the amount of bill of exchange is.	Debtor Payee Drawee Acceptor
11	Main parties in bill of exchang are.	Three Two Four Five
12	Bill of exchange is written order whihc is always.	Unconditional conditional Compulsory None ofthese
13	On every cheque bank gets.	Tax Profit Duty Commission
14	Cheque is always payable on.	Phone call At sight After banking hour On demand
15	Parties involved in a cheque.	A/c holder Bank Payee All of these