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

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

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

  • Total Questions15

  • Time Allowed20

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

00:00
Question # 1

Bank draft is an order

Question # 2

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

Question # 3

Negoitable credit instruemnts includes

Question # 4

A person in whose favour the rights of bill are transferred is called

Question # 5

Bills of exchange is a negotiable instrument which contains

Question # 6

Draft Drawn and paid in two differnet countries is called.

Question # 7

On issuance of bank draft bank gets.

Question # 8

Bills of exchange has three:

Question # 9

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

Question # 10

Bill which is drawn without any trade transcation

Question # 11

The main characteristics of bank draft.

Question # 12

The payment of draft is made on.

Question # 13

Bills of exchange is a written order which is always

Question # 14

A bill which can be rediscounted from central bank

Question # 15

Drawee of the bank draft is a

Prepare Complete Set Wise Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test" MCQs Online With Answers


Topic Test

00:00

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

Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test" MCQ`s Test

  • M
    Mubashira 09 - Jul - 2021 00 Min 05 Sec 15/15
  • S
    Sidra 12 - Jul - 2021 00 Min 56 Sec 15/15
  • A
    ADNAN 17 - Jul - 2021 01 Min 52 Sec 15/15
  • M
    Muhammad Rafay 16 - Jul - 2021 01 Min 58 Sec 15/15
  • A
    Ahmed shujah 16 - Jul - 2021 02 Min 15 Sec 15/15
  • T
    Teiyr 11 - Nov - 2025 02 Min 40 Sec 15/15
  • R
    Raziel 13 - Jul - 2021 01 Min 24 Sec 14/15
  • H
    Hassan Abid 22 - Jun - 2022 01 Min 41 Sec 14/15
  • Z
    Zeshan 10 - Jul - 2021 02 Min 19 Sec 14/15
  • H
    Hinan 12 - Jul - 2021 02 Min 34 Sec 14/15
  • A
    Anees 09 - Jul - 2021 03 Min 09 Sec 14/15
  • A
    ALI AZAM 09 - Jul - 2021 01 Min 20 Sec 13/15
  • N
    Noor 10 - Jul - 2021 01 Min 27 Sec 13/15
  • K
    KHALIL UR REHAMAN 13 - Aug - 2022 01 Min 47 Sec 13/15
  • Y
    Yggygygyb 17 - Jul - 2021 01 Min 58 Sec 13/15

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

Sr.# Question Answer
1 Bills of exchange can be cashed from bank before maturity by:
A. Overdraft
B. Renewal
C. Discounting
D. None of the above
2 Drawer and payee of inland promissory note belong to
A. Same country
B. Different countries
C. Different cities
D. None of the above
3 The bills of exchange which is paid after the expiry of fixed period of time called
A. Accommodation bill
B. Sight bill
C. Time bill
D. All of the above
4 Written instrument by one bank to another bank.
A. Bill of exchange
B. Draft
C. Bearer cheque
D. None of these
5 The draft whihc is drawn and paid intwo 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 A bill which can be rediscounted from central bank
A. Sight bill
B. Time bill
C. Both a and b
D. None of these
8 The bank branch on whic the draft is drawn is.
A. Drawer
B. Payee
C. Drawee
D. None of these
9 How many parties are involved in bank draft.
A. Four
B. Three
C. Two
D. None of these
10 The various kind of bank draft includes.
A. Inland draft
B. Crossed bank draft
C. Foreign draft
D. All of these

Test Questions