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

Endorser of promissory note is a :

Question # 2

The payment of draft is made on.

Question # 3

The bank branch on whic the draft is drawn is.

Question # 4

Drawee fo bills of exchange is a person

Question # 5

The draft whihc is drawn and paid intwo different countries.

Question # 6

The various kind of bank draft includes.

Question # 7

Drawee of the bank draft is a

Question # 8

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

Question # 9

Draft Drawn and paid in two differnet countries is called.

Question # 10

Negotiable credit instrument do not include.

Question # 11

A bill which can be rediscounted from central bank

Question # 12

Draft drawn and pid in two different parties int he same country is called.

Question # 13

Written instrument by one bank to another bank.

Question # 14

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

Question # 15

Promissory note drawn by two or more persons is called

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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 Negotiable credit instrument do not include.
A. Bank draft
B. Cheque
C. Postal orders
D. Treasury bill
2 Bank draft onece issued can not be.
A. Honored
B. Dishonored
C. sent
D. Paid
3 On issuance of bank draft bank gets.
A. Tax
B. Commission
C. Profit
D. Duty
4 How many parties are involved in bank draft.
A. Four
B. Three
C. Two
D. None of these
5 Treasury bill means:
A. Amount of government
B. Evidence of governments debt
C. Promise of government to pay
D. None of the above
6 The various kind of bank draft includes.
A. Inland draft
B. Crossed bank draft
C. Foreign draft
D. All of these
7 Grace days are given to debtor for the patment of:
A. Bills of exchange
B. Promissory note
C. Treasury bill
D. Cheque
8 Draft Drawn and paid in two differnet countries is called.
A. Foreign draft
B. Demand draft
C. Local draft
D. None of these
9 Bills of exchange has three:
A. Owners
B. Parties
C. Shareholders
D. None of the above
10 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

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