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

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

Question # 2

Bills of exchange is

Question # 3

Retirement of bill means

Question # 4

An unconditional order of payment by one bank to another bank.

Question # 5

Bank draft is a credit instrument.

Question # 6

Bill which is drawn without any trade transcation

Question # 7

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

Question # 8

In case of bank draft the drawer is.

Question # 9

A bill which can be rediscounted from central bank

Question # 10

Negoitable credit instruemnts includes

Question # 11

The main content sof bank draft.

Question # 12

Endorser of promissory note is a :

Question # 13

The draft which is drawn and paid in two different countries.

Question # 14

Bill in which drawer belonging to two different countries:

Question # 15

Bank draft is always in the form of.

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

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

Sr.# Question Answer
1 Bills of exchange is
A. An order to pay
B. A request to pay
C. A promise to pay
D. All of the above
2 Bills of exchange can be cashed from bank before maturity by:
A. Overdraft
B. Renewal
C. Discounting
D. None of the above
3 Bill which is drawn without any trade transcation
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
4 Bills of exchange has three:
A. Owners
B. Parties
C. Shareholders
D. None of the above
5 The various kind of bank draft includes.
A. Inland draft
B. Crossed bank draft
C. Foreign draft
D. All of these
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 How many parties are involved in bank draft.
A. Four
B. Three
C. Two
D. None of these
8 Draft drawn and pid in two different parties int he same country is called.
A. Foreign draft
B. Demand draft
C. Local draft
D. None of these
9 The main content sof bank draft.
A. bank branch
B. Payee
C. Date
D. All of these
10 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

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