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

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

Start Chapter 10 Test

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

Sr. # Questions Answers Choice
1 On issuance of bank draft bank gets.
  • A. Tax
  • B. Commission
  • C. Profit
  • D. Duty
2 The bank branch on whic the draft is drawn is.
  • A. Drawer
  • B. Payee
  • C. Drawee
  • D. None of these
3 Draft Drawn and paid in two differnet countries is called.
  • A. Foreign draft
  • B. Demand draft
  • C. Local draft
  • D. None of these
4 Bill in which drawer belonging to two different countries:
  • A. Inland bill
  • B. Foreign bill
  • C. Accommodation bill
  • D. None of the above
5 The draft which is drawn and paid in two different countries.
  • A. Inland draft
  • B. Ordered draft
  • C. Foreign draft
  • D. Home draft
6 Bill which is drawn without any trade transcation
  • A. Sight bill
  • B. Time bill
  • C. Trade bill
  • D. Accommodation bill
7 Negoitable credit instruemnts includes
  • A. Bank darft
  • B. Postal order
  • C. I.O.U
  • D. Money order
8 Credit instrument drawn by one bank on another bank is called
  • A. Cheque
  • B. Bills of exchange
  • C. Bank draft
  • D. Treasury bill
9 Bills of exchange can be cashed from bank before maturity by:
  • A. Overdraft
  • B. Renewal
  • C. Discounting
  • D. None of the above
10 Bank draft is a credit instrument.
  • A. Negotiable
  • B. Non negotiable
  • C. Unreadable
  • D. None of these

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer