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

Bill in which drawer belonging to two different countries:

Question # 2

An unconditional order of payment by one bank to another bank.

Question # 3

A person who writes the bill is called

Question # 4

The bills of exchange which is paid after the expiry of fixed period of time called

Question # 5

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

Question # 6

On issuance of bank draft bank gets.

Question # 7

The draft having two transvers parallel lines on its face is called.

Question # 8

The document which is used to transfer the deposit from one bank to another is.

Question # 9

In case of bank draft the drawer is.

Question # 10

Treasury bill means:

Question # 11

Negoitable credit instruemnts includes

Question # 12

Bank draft is a credit instrument.

Question # 13

The bank branch on whic the draft is drawn is.

Question # 14

Endorser of promissory note is a :

Question # 15

The main content sof bank draft.

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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 Bill which is drawn without any trade transcation
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
2 Bank draft onece issued can not be.
A. Honored
B. Dishonored
C. sent
D. Paid
3 The bills of exchange which is paid after the expiry of fixed period of time called
A. Accommodation bill
B. Sight bill
C. Time bill
D. All of the above
4 The main content sof bank draft.
A. bank branch
B. Payee
C. Date
D. All of these
5 Drawer and payee of inland promissory note belong to
A. Same country
B. Different countries
C. Different cities
D. None of the above
6 Bills of exchange is a negotiable instrument which contains
A. A written order
B. Conditional written order
C. Unconditional written order
D. None of the above
7 A person in whose favour the rights of bill are transferred is called
A. Drawer
B. Payee
C. Endorsee
D. All of the above
8 The bank branch on whic the draft is drawn is.
A. Drawer
B. Payee
C. Drawee
D. None of these
9 The signature of the following is compulsory on B/E:
A. Bank
B. Drawee
C. Drawer
D. Both (B) & (C)
10 Main parties of promissory note are
A. One
B. Two
C. Three
D. Four

Test Questions

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