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	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
2	Bank draft is an order	A. Of court B. Conditional C. Unconditional D. Of government
3	Negotiable credit instrument do not include.	A. Bank draft B. Cheque C. Postal orders D. Treasury bill
4	The main characteristics of bank draft.	A. Written B. On demand C. Certain payment D. All of these
5	Promissory note means a:	A. Promise to pay fixed amount on fixed date B. Promise to pay currency notes on fixed date C. Promise to pay goods on fixed date D. All of the above
6	Bank draft onece issued can not be.	A. Honored B. Dishonored C. sent D. Paid
7	Drawer and payee of inland promissory note belong to	A. Same country B. Different countries C. Different cities D. None of the above
8	Drawee of the bank draft is a	A. Bank which issues a draft B. Bank on which the draft is drawn C. Payee of draft D. Sender of amount by draft
9	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
10	Draft Drawn and paid in two differnet countries is called.	A. Foreign draft B. Demand draft C. Local draft D. None of these