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	Bills of exchange is	An order to pay A request to pay A promise to pay All of the above
2	Bills of exchange is a written order which is always	Conditional Unconditional Partially conditional All of the above
3	Drawer and payee of inland promissory note belong to	Same country Different countries Different cities None of the above
4	Promissory note drawn by two or more persons is called	Individual promissory note Joint promissory note Foreign promissory note All of the above
5	Main parties of promissory note are	One Two Three Four
6	The bills of exchange which is paid after the expiry of fixed period of time called	Accommodation bill Sight bill Time bill All of the above
7	Cheque is a written order drawn on	Endorsee Bank Customer All of the above
8	Term dishonoring of cheque is used when	Bank refuses to pay Bank stops the payments Bank delay the payments Bank gives cheque to clearing house
9	On every cheque bank gets	Profit Commission Tax Duty
10	What is written on the leaf of a cheque about customer	Name Address Telephone number Account number
11	Crossing which contains the name of a particular bank is called	Regular crossing Irregular crossing General crossing Special crossing
12	Honoured cheuqe is a cheque which is	Accepted by drawee for payment Accepted by payee Accepted by endorsee All of the above
13	Crossing of cheque is cancelled by	Drawer Drawee Holder All of the above
14	Cheque is always crossed by	Drawer Drawee Holder All of the above
15	Cheque signed by drawer without filling is called	Plain Blank Open Traveller's cheque

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