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ICOM Part 2 English Medium Principles of Banking Chapter 10 MCQ's Test
Start Chapter 10 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test
00:00
Question # 1
Written instrument by one bank to another bank.
Question # 2
The draft which is drawn and paid in two different countries.
Question # 3
A person in whose favour the rights of bill are transferred is called
Question # 4
The bank branch on whic the draft is drawn is.
Question # 5
The various kind of bank draft includes.
Question # 6
Bills of exchange can be cashed from bank before maturity by:
Question # 7
Main parties of promissory note are
Question # 8
Bank draft is a credit instrument.
Question # 9
Bills of exchange has three:
Question # 10
A bill which can be rediscounted from central bank
Question # 11
An unconditional order of payment by one bank to another bank.
Question # 12
Retirement of bill means
Question # 13
Credit instrument drawn by one bank on another bank is called
Question # 14
Bills of exchange is a negotiable instrument which contains
Question # 15
Bank draft is always in the form of.
ICOM Part 2 English Medium Principles of Banking Chapter 10 MCQ's Test
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M Mubashira 09 - Jul - 2021 00 Min 05 Sec 15/15 -
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A ADNAN 17 - Jul - 2021 01 Min 52 Sec 15/15 -
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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Bank draft onece issued can not be. |
A. Honored
B. Dishonored
C. sent
D. Paid
|
| 2 | The bank branch on whic the draft is drawn is. |
A. Drawer
B. Payee
C. Drawee
D. None of these
|
| 3 | Written instrument by one bank to another bank. |
A. Bill of exchange
B. Draft
C. Bearer cheque
D. None of these
|
| 4 | The signature of the following is compulsory on B/E: |
A. Bank
B. Drawee
C. Drawer
D. Both (B) & (C)
|
| 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 | How many parties are involved in bank draft. |
A. Four
B. Three
C. Two
D. None of these
|
| 7 | The draft whihc is drawn and paid intwo different countries. |
A. Inland draft
B. Ordered draft
C. Foreign draft
D. Home draft
|
| 8 | An unconditional order of payment by one bank to another bank. |
A. Bill of exchage
B. Promissory note
C. Draft
D. None of these
|
| 9 | A person who writes the bill is called |
A. Drawee
B. Drawer
C. Payee
D. Acceptor
|
| 10 | Negotiable credit instrument do not include. |
A. Bank draft
B. Cheque
C. Postal orders
D. Treasury bill
|
Test Questions
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