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	Treasury bill is a :	Negotiable credit instrument Non-negotiable credit instrument Debentures Shares
2	Treasury bill means:	Amount of government Evidence of governments debt Promise of government to pay None of the above
3	Endorser of promissory note is a :	Person who promises to pay Person who receives the amount of note Person in whose favour the rights are transferred Person who trasfers the rights of note
4	Promissory note means a:	Promise to pay fixed amount on fixed date Promise to pay currency notes on fixed date Promise to pay goods on fixed date All of the above
5	Which is appointed by govt. to certify the negotiable instrument:	Private attorney Public attorney Notary public Giazetted Officer
6	Bill in which drawer belonging to two different countries:	Inland bill Foreign bill Accommodation bill None of the above
7	The name of the person is written on cheque as:	Drawer Drawee Payee None of these
8	The person in whose favour the rights of recieving the amount of cheque transferred:	Endorser Payee Endorsee All of the above
9	Who did print the cheque in specific form for the first time or firstly:	Imperial Bank Bank of England State Bank of Pakistan None of the above
10	Who can endorse the cheque:	Holder of cheque Drawer of cheque Both A & B None of these
11	Safest cheque for making payment is:	Crossed cheque Order cheque Bearer cheque All of the above
12	Amount of crossed cheque is recieved:	From bank's counter Issueing new cheque From bank's manager None of the above
13	Bank pays money at its counter for:	Bearer cheque Order cheque Both (A) & (B) Crossed cheque
14	In case of non-negotiable instruments, the rights can:	Be tranferred Not be transferred Be conditionally transferred All of the above
15	In case of negotiable instruments, the rights can:	Be tranferred Not be transferred Be conditionally transferred All of the above

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