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10th Chapter

12th Principles of Banking Chapter 10 Test

Here you can prepare 12th Class Principles of Banking Chapter 10 Negotiable Instruments (II) Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 10 online mcq test with answers for ICom part 2 Principle of Banking Chapter 10 (Negotiable Instruments (II))

This online test contains MCQs about following topics:

. Definition and parties of bills of exchange . Characteristics of bills of exchange . Kinds of bills of exchange . Advantages of bills of exchange . Definitiion and parties of promissory note . Definition, parties and kinds of bank draft . Features and merits of bank draft . Definitioin and features of treasurey bill . Comparison of different credit instruments

ICOM Part 2 Banking Ch 10 Test
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12th class Principle of Banking chapter 10 online mcq test with answers for ICom part 2 Principle of Banking Chapter 10 (Negotiable Instruments (II))

Sr. # Questions Answers Choice
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

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test

H

Hassan Abid

Lahore22 - Jun - 2022

14/15
01 Mins 41 Sec
S

Sobia Mateen

Lahore19 - Jun - 2022

11/15
02 Mins 30 Sec
U

Ummayy Kalsoom

Lahore17 - Apr - 2022

9/15
06 Mins 40 Sec
R

Ramla Akhlaq

Lahore18 - Jun - 2022

8/15
02 Mins 41 Sec
H

Hamza Abid

Abbottabad03 - Jun - 2022

8/15
10 Mins 50 Sec

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