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	An unconditional order of payment by one bank to another bank.	A. Bill of exchage B. Promissory note C. Draft D. None of these
2	The various kind of bank draft includes.	A. Inland draft B. Crossed bank draft C. Foreign draft D. All of these
3	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
4	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
5	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
6	Retirement of bill means	A. Payment of bill before due date B. Dishonoring of bill due to non-payment C. Protesting of bill D. Dishonoring of bill due to non-acceptance
7	A bill which can be rediscounted from central bank	A. Sight bill B. Time bill C. Both a and b D. None of these
8	The main characteristics of bank draft.	A. Written B. On demand C. Certain payment D. All of these
9	Drawee of bank draft is.	A. Creditor B. Debtor C. Issuing bank D. Paying bank
10	Written instrument by one bank to another bank.	A. Bill of exchange B. Draft C. Bearer cheque D. None of these