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

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test"

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

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Question # 1

Draft drawn and pid in two different parties int he same country is called.

Question # 2

Which is appointed by govt. to certify the negotiable instrument:

Question # 3

Negoitable credit instruemnts includes

Question # 4

The main content sof bank draft.

Question # 5

Retirement of bill means

Question # 6

A person who writes the bill is called

Question # 7

Drawer and payee of inland promissory note belong to

Question # 8

Promissory note means a:

Question # 9

Drawee fo bills of exchange is a person

Question # 10

The payment of draft is made on.

Question # 11

Bill in which drawer belonging to two different countries:

Question # 12

The main characteristics of bank draft.

Question # 13

The bills of exchange which is paid after the expiry of fixed period of time called

Question # 14

The signature of the following is compulsory on B/E:

Question # 15

Bank draft is an order

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

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ICom Part II Class Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Bank draft is an order
A. Of court
B. Conditional
C. Unconditional
D. Of government
2 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
3 In case of bank draft the drawer is.
A. Debtor
B. Creditor
C. Bank
D. Account holder
4 The main content sof bank draft.
A. bank branch
B. Payee
C. Date
D. All of these
5 Bills of exchange is a negotiable instrument which contains
A. A written order
B. Conditional written order
C. Unconditional written order
D. None of the above
6 Bill in which drawer belonging to two different countries:
A. Inland bill
B. Foreign bill
C. Accommodation bill
D. None of the above
7 The bank branch on whic the draft is drawn is.
A. Drawer
B. Payee
C. Drawee
D. None of these
8 On issuance of bank draft bank gets.
A. Tax
B. Commission
C. Profit
D. Duty
9 Negoitable credit instruemnts includes
A. Bank darft
B. Postal order
C. I.O.U
D. Money order
10 Bill which is drawn without any trade transcation
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill

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