| 1 |
The document which is used to transfer the deposit from one bank to another is. |
- A. Bank draft
- B. Promissory note
- C. Biull of exchange
- D. All these
|
| 2 |
The signature of the following is compulsory on B/E: |
- A. Bank
- B. Drawee
- C. Drawer
- D. Both (B) & (C)
|
| 3 |
Negoitable credit instruemnts includes |
- A. Bank darft
- B. Postal order
- C. I.O.U
- D. Money order
|
| 4 |
Drawee of bank draft is. |
- A. Creditor
- B. Debtor
- C. Issuing bank
- D. Paying bank
|
| 5 |
A bill which can be rediscounted from central bank |
- A. Sight bill
- B. Time bill
- C. Both a and b
- D. None of these
|
| 6 |
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
|
| 7 |
Bill which is drawn without any trade transcation |
- A. Sight bill
- B. Time bill
- C. Trade bill
- D. Accommodation bill
|
| 8 |
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
|
| 9 |
The main characteristics of bank draft. |
- A. Written
- B. On demand
- C. Certain payment
- D. All of these
|
| 10 |
Draft Drawn and paid in two differnet countries is called. |
- A. Foreign draft
- B. Demand draft
- C. Local draft
- D. None of these
|
