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	Bills of exchange is a written order which is always	A. Conditional B. Unconditional C. Partially conditional D. All of the above
2	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
3	The draft whihc is drawn and paid intwo different countries.	A. Inland draft B. Ordered draft C. Foreign draft D. Home draft
4	Bank draft onece issued can not be.	A. Honored B. Dishonored C. sent D. Paid
5	The draft which is drawn and paid in two different countries.	A. Inland draft B. Ordered draft C. Foreign draft D. Home draft
6	An unconditional order of payment by one bank to another bank.	A. Bill of exchage B. Promissory note C. Draft D. None of these
7	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
8	Drawer and payee of inland promissory note belong to	A. Same country B. Different countries C. Different cities D. None of the above
9	Written instrument by one bank to another bank.	A. Bill of exchange B. Draft C. Bearer cheque D. None of these
10	Bills of exchange is	A. An order to pay B. A request to pay C. A promise to pay D. All of the above