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

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Sr.#	Question	Answer
1	The draft having two transvers parallel lines on its face is called.	A. Order bank draft B. Crossed bank draft C. Transvverse draft D. All of these
2	Bills of exchange is	A. An order to pay B. A request to pay C. A promise to pay D. All of the above
3	Treasury bill means:	A. Amount of government B. Evidence of governments debt C. Promise of government to pay D. None of the above
4	Negotiable credit instrument do not include.	A. Bank draft B. Cheque C. Postal orders D. Treasury bill
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	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
7	Main parties of promissory note are	A. One B. Two C. Three D. Four
8	Endorser of promissory note is a :	A. Person who promises to pay B. Person who receives the amount of note C. Person in whose favour the rights are transferred D. Person who trasfers the rights of note
9	Bank draft is an order	A. Of court B. Conditional C. Unconditional D. Of government
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