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

Treasury bill is a :

Question # 2

Credit instrument drawn by one bank on another bank is called

Question # 3

How many parties are involved in bank draft.

Question # 4

Bills of exchange is a written order which is always

Question # 5

Negoitable credit instruemnts includes

Question # 6

Drawer and payee of inland promissory note belong to

Question # 7

Drawee fo bills of exchange is a person

Question # 8

Promissory note drawn by two or more persons is called

Question # 9

The main content sof bank draft.

Question # 10

Bank draft onece issued can not be.

Question # 11

Draft Drawn and paid in two differnet countries is called.

Question # 12

Treasury bill means:

Question # 13

The main characteristics of bank draft.

Question # 14

A person in whose favour the rights of bill are transferred is called

Question # 15

In case of bank draft the drawer is.

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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 The main content sof bank draft.
A. bank branch
B. Payee
C. Date
D. All of these
2 Bank draft onece issued can not be.
A. Honored
B. Dishonored
C. sent
D. Paid
3 Negotiable credit instrument do not include.
A. Bank draft
B. Cheque
C. Postal orders
D. Treasury bill
4 Draft Drawn and paid in two differnet countries is called.
A. Foreign draft
B. Demand draft
C. Local draft
D. None of these
5 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
6 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
7 Bank draft is a credit instrument.
A. Negotiable
B. Non negotiable
C. Unreadable
D. None of these
8 The main characteristics of bank draft.
A. Written
B. On demand
C. Certain payment
D. All of these
9 Main parties of promissory note are
A. One
B. Two
C. Three
D. Four
10 Bills of exchange is a written order which is always
A. Conditional
B. Unconditional
C. Partially conditional
D. All of the above

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