12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 10 (Negotiable Instruments (II))

ICOM Part 2 English Medium Principles of Banking Chapter 10 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test

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Question # 1

Bank draft onece issued can not be.

Question # 2

The draft whihc is drawn and paid intwo different countries.

Question # 3

The bank branch on whic the draft is drawn is.

Question # 4

Draft drawn and pid in two different parties int he same country is called.

Question # 5

A person in whose favour the rights of bill are transferred is called

Question # 6

A person who writes the bill is called

Question # 7

The various kind of bank draft includes.

Question # 8

The signature of the following is compulsory on B/E:

Question # 9

Bills of exchange has three:

Question # 10

Bill which is drawn without any trade transcation

Question # 11

Which is appointed by govt. to certify the negotiable instrument:

Question # 12

The main characteristics of bank draft.

Question # 13

Draft Drawn and paid in two differnet countries is called.

Question # 14

Retirement of bill means

Question # 15

The payment of draft is made on.

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ICOM Part 2 English Medium Principles of Banking Chapter 10 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 The bills of exchange which is paid after the expiry of fixed period of time called
A. Accommodation bill
B. Sight bill
C. Time bill
D. All of the above
2 Main parties of promissory note are
A. One
B. Two
C. Three
D. Four
3 How many parties are involved in bank draft.
A. Four
B. Three
C. Two
D. None of these
4 The bank branch on whic the draft is drawn is.
A. Drawer
B. Payee
C. Drawee
D. None of these
5 Bills of exchange can be cashed from bank before maturity by:
A. Overdraft
B. Renewal
C. Discounting
D. None of the above
6 Grace days are given to debtor for the patment of:
A. Bills of exchange
B. Promissory note
C. Treasury bill
D. Cheque
7 Credit instrument drawn by one bank on another bank is called
A. Cheque
B. Bills of exchange
C. Bank draft
D. Treasury bill
8 A person who writes the bill is called
A. Drawee
B. Drawer
C. Payee
D. Acceptor
9 Bank draft is an order
A. Of court
B. Conditional
C. Unconditional
D. Of government
10 Drawee fo bills of exchange is a person
A. Who receives the amount of bill
B. On whom the bill is drawn
C. Who accepts the bill
D. In whose favour the bill is transferred

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