| 1 |
The signature of the following is compulsory on B/E: |
- A. Bank
- B. Drawee
- C. Drawer
- D. Both (B) & (C)
|
| 2 |
Written instrument by one bank to another bank. |
- A. Bill of exchange
- B. Draft
- C. Bearer cheque
- D. None of these
|
| 3 |
Credit instrument drawn by one bank on another bank is called |
- A. Cheque
- B. Bills of exchange
- C. Bank draft
- D. Treasury bill
|
| 4 |
The bank branch on whic the draft is drawn is. |
- A. Drawer
- B. Payee
- C. Drawee
- D. None of these
|
| 5 |
How many parties are involved in bank draft. |
- A. Four
- B. Three
- C. Two
- D. None of these
|
| 6 |
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
|
| 7 |
The draft whihc is drawn and paid intwo different countries. |
- A. Inland draft
- B. Ordered draft
- C. Foreign draft
- D. Home draft
|
| 8 |
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
|
| 9 |
In case of bank draft the drawer is. |
- A. Debtor
- B. Creditor
- C. Bank
- D. Account holder
|
| 10 |
A person in whose favour the rights of bill are transferred is called |
- A. Drawer
- B. Payee
- C. Endorsee
- D. All of the above
|
