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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 Negoitable credit instruemnts includes
  • A. Bank darft
  • B. Postal order
  • C. I.O.U
  • D. Money order
2 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
3 Bank draft is always in the form of.
  • A. Hand written
  • B. Printed
  • C. Stamp paper
  • D. None of these
4 Negotiable credit instrument do not include.
  • A. Bank draft
  • B. Cheque
  • C. Postal orders
  • D. Treasury bill
5 The draft whihc is drawn and paid intwo different countries.
  • A. Inland draft
  • B. Ordered draft
  • C. Foreign draft
  • D. Home draft
6 Bills of exchange is a written order which is always
  • A. Conditional
  • B. Unconditional
  • C. Partially conditional
  • D. All of the above
7 An unconditional order of payment by one bank to another bank.
  • A. Bill of exchage
  • B. Promissory note
  • C. Draft
  • D. None of these
8 How many parties are involved in bank draft.
  • A. Four
  • B. Three
  • C. Two
  • D. None of these
9 Promissory note means a:
  • A. Promise to pay fixed amount on fixed date
  • B. Promise to pay currency notes on fixed date
  • C. Promise to pay goods on fixed date
  • D. All of the above
10 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

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