| 1 |
Bill which is drawn without any trade transcation |
- A. Sight bill
- B. Time bill
- C. Trade bill
- D. Accommodation bill
|
| 2 |
The draft which is drawn and paid in two different countries. |
- A. Inland draft
- B. Ordered draft
- C. Foreign draft
- D. Home draft
|
| 3 |
On issuance of bank draft bank gets. |
- A. Tax
- B. Commission
- C. Profit
- D. Duty
|
| 4 |
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
|
| 5 |
Bills of exchange can be cashed from bank before maturity by: |
- A. Overdraft
- B. Renewal
- C. Discounting
- D. None of the above
|
| 6 |
The draft having two transvers parallel lines on its face is called. |
- A. Order bank draft
- B. Crossed bank draft
- C. Transvverse draft
- D. All of these
|
| 7 |
Bank draft onece issued can not be. |
- A. Honored
- B. Dishonored
- C. sent
- D. Paid
|
| 8 |
Which is appointed by govt. to certify the negotiable instrument: |
- A. Private attorney
- B. Public attorney
- C. Notary public
- D. Giazetted Officer
|
| 9 |
A person in whose favour the rights of bill are transferred is called |
- A. Drawer
- B. Payee
- C. Endorsee
- D. All of the above
|
| 10 |
Retirement of bill means |
- A. Payment of bill before due date
- B. Dishonoring of bill due to non-payment
- C. Protesting of bill
- D. Dishonoring of bill due to non-acceptance
|
