12th class Principle of Banking chapter 10 online mcq test with answers for ICom part 2 Principle of Banking Chapter 10 (Negotiable Instruments (II))

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Sr.#	Question	Answer
1	In case of bank draft the drawer is.	A. Debtor B. Creditor C. Bank D. Account holder
2	Negoitable credit instruemnts includes	A. Bank darft B. Postal order C. I.O.U D. Money order
3	The various kind of bank draft includes.	A. Inland draft B. Crossed bank draft C. Foreign draft D. All of these
4	On issuance of bank draft bank gets.	A. Tax B. Commission C. Profit D. Duty
5	Bill in which drawer belonging to two different countries:	A. Inland bill B. Foreign bill C. Accommodation bill 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	Endorser of promissory note is a :	A. Person who promises to pay B. Person who receives the amount of note C. Person in whose favour the rights are transferred D. Person who trasfers the rights of note
8	Promissory note drawn by two or more persons is called	A. Individual promissory note B. Joint promissory note C. Foreign promissory note D. All of the above
9	Bank draft is a credit instrument.	A. Negotiable B. Non negotiable C. Unreadable D. None of these
10	Bills of exchange is a written order which is always	A. Conditional B. Unconditional C. Partially conditional D. All of the above