| 1 |
A bill which can be rediscounted from central bank |
- A. Sight bill
- B. Time bill
- C. Both a and b
- D. None of these
|
| 2 |
Drawer and payee of inland promissory note belong to |
- A. Same country
- B. Different countries
- C. Different cities
- D. None of the above
|
| 3 |
How many parties are involved in bank draft. |
- A. Four
- B. Three
- C. Two
- D. None of these
|
| 4 |
The payment of draft is made on. |
- A. Sight
- B. Demand
- C. By psot
- D. Phone call
|
| 5 |
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
|
| 6 |
Main parties of promissory note are |
- A. One
- B. Two
- C. Three
- D. Four
|
| 7 |
The main content sof bank draft. |
- A. bank branch
- B. Payee
- C. Date
- D. All of these
|
| 8 |
Bank draft is always in the form of. |
- A. Hand written
- B. Printed
- C. Stamp paper
- D. None of these
|
| 9 |
A person in whose favour the rights of bill are transferred is called |
- A. Drawer
- B. Payee
- C. Endorsee
- D. All of the above
|
| 10 |
Which is appointed by govt. to certify the negotiable instrument: |
- A. Private attorney
- B. Public attorney
- C. Notary public
- D. Giazetted Officer
|
