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

In case of bank draft the drawer is.

Question # 2

The bank branch on whic the draft is drawn is.

Question # 3

The draft which is drawn and paid in two different countries.

Question # 4

The payment of draft is made on.

Question # 5

Drawee of the bank draft is a

Question # 6

The draft whihc is drawn and paid intwo different countries.

Question # 7

The various kind of bank draft includes.

Question # 8

An unconditional order of payment by one bank to another bank.

Question # 9

Negoitable credit instruemnts includes

Question # 10

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

Question # 11

The document which is used to transfer the deposit from one bank to another is.

Question # 12

Bills of exchange can be cashed from bank before maturity by:

Question # 13

The draft having two transvers parallel lines on its face is called.

Question # 14

Treasury bill means:

Question # 15

Main parties of promissory note are

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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 Bank draft is an order
A. Of court
B. Conditional
C. Unconditional
D. Of government
2 Draft Drawn and paid in two differnet countries is called.
A. Foreign draft
B. Demand draft
C. Local draft
D. None of these
3 Main parties of promissory note are
A. One
B. Two
C. Three
D. Four
4 Bill which is drawn without any trade transcation
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
5 The main characteristics of bank draft.
A. Written
B. On demand
C. Certain payment
D. All of these
6 In case of bank draft the drawer is.
A. Debtor
B. Creditor
C. Bank
D. Account holder
7 Negoitable credit instruemnts includes
A. Bank darft
B. Postal order
C. I.O.U
D. Money order
8 The document which is used to transfer the deposit from one bank to another is.
A. Bank draft
B. Promissory note
C. Biull of exchange
D. All these
9 Bills of exchange is a written order which is always
A. Conditional
B. Unconditional
C. Partially conditional
D. All of the above
10 The signature of the following is compulsory on B/E:
A. Bank
B. Drawee
C. Drawer
D. Both (B) & (C)

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