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

Retirement of bill means

Question # 3

In case of bank draft the drawer is.

Question # 4

The draft having two transvers parallel lines on its face is called.

Question # 5

The main characteristics of bank draft.

Question # 6

Bills of exchange is a written order which is always

Question # 7

Written instrument by one bank to another bank.

Question # 8

Bank draft is a credit instrument.

Question # 9

Treasury bill means:

Question # 10

The document which is used to transfer the deposit from one bank to another is.

Question # 11

Bills of exchange can be cashed from bank before maturity by:

Question # 12

Negoitable credit instruemnts includes

Question # 13

Drawer and payee of inland promissory note belong to

Question # 14

How many parties are involved in bank draft.

Question # 15

The bank branch on whic the draft is drawn is.

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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 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
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 Bank draft is a credit instrument.
A. Negotiable
B. Non negotiable
C. Unreadable
D. None of these
4 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
5 The main characteristics of bank draft.
A. Written
B. On demand
C. Certain payment
D. All of these
6 The bank branch on whic the draft is drawn is.
A. Drawer
B. Payee
C. Drawee
D. None of these
7 Drawer and payee of inland promissory note belong to
A. Same country
B. Different countries
C. Different cities
D. None of the above
8 On issuance of bank draft bank gets.
A. Tax
B. Commission
C. Profit
D. Duty
9 Bank draft onece issued can not be.
A. Honored
B. Dishonored
C. sent
D. Paid
10 Written instrument by one bank to another bank.
A. Bill of exchange
B. Draft
C. Bearer cheque
D. None of these

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