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10th Chapter

12th Principles of Banking Chapter 10 Test

Here you can prepare 12th Class Principles of Banking Chapter 10 Negotiable Instruments (II) Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Definition and parties of bills of exchange . Characteristics of bills of exchange . Kinds of bills of exchange . Advantages of bills of exchange . Definitiion and parties of promissory note . Definition, parties and kinds of bank draft . Features and merits of bank draft . Definitioin and features of treasurey bill . Comparison of different credit instruments

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

Sr. # Questions Answers Choice
1 The draft which is drawn and paid in two different countries.
  • A. Inland draft
  • B. Ordered draft
  • C. Foreign draft
  • D. Home draft
2 Bank draft is a credit instrument.
  • A. Negotiable
  • B. Non negotiable
  • C. Unreadable
  • D. None of these
3 Which is appointed by govt. to certify the negotiable instrument:
  • A. Private attorney
  • B. Public attorney
  • C. Notary public
  • D. Giazetted Officer
4 Bills of exchange has three:
  • A. Owners
  • B. Parties
  • C. Shareholders
  • D. None of the above
5 The draft whihc is drawn and paid intwo different countries.
  • A. Inland draft
  • B. Ordered draft
  • C. Foreign draft
  • D. Home draft
6 An unconditional order of payment by one bank to another bank.
  • A. Bill of exchage
  • B. Promissory note
  • C. Draft
  • D. None of these
7 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
8 Written instrument by one bank to another bank.
  • A. Bill of exchange
  • B. Draft
  • C. Bearer cheque
  • D. None of these
9 The main characteristics of bank draft.
  • A. Written
  • B. On demand
  • C. Certain payment
  • D. All of these
10 On issuance of bank draft bank gets.
  • A. Tax
  • B. Commission
  • C. Profit
  • D. Duty

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

H

Hiba Asif

Lahore26 - May - 2023

12/15
01 Mins 28 Sec
H

Hassan Maqsood

Lahore25 - May - 2023

12/15
02 Mins 57 Sec
A

Ayesha Ayaz

Lahore24 - May - 2023

9/15
01 Mins 52 Sec
M

Mustafa Naeem

Lahore26 - May - 2023

9/15
03 Mins 07 Sec

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