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