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 signature of the following is compulsory on B/E:	A. Bank B. Drawee C. Drawer D. Both (B) & (C)
2	A bill which can be rediscounted from central bank	A. Sight bill B. Time bill C. Both a and b D. None of these
3	Drawee fo bills of exchange is a person	A. Who receives the amount of bill B. On whom the bill is drawn C. Who accepts the bill D. In whose favour the bill is transferred
4	Treasury bill means:	A. Amount of government B. Evidence of governments debt C. Promise of government to pay D. None of the above
5	Bills of exchange has three:	A. Owners B. Parties C. Shareholders D. None of the above
6	Bill in which drawer belonging to two different countries:	A. Inland bill B. Foreign bill C. Accommodation bill D. None of the above
7	Bills of exchange is a written order which is always	A. Conditional B. Unconditional C. Partially conditional D. All of the above
8	Bank draft onece issued can not be.	A. Honored B. Dishonored C. sent D. Paid
9	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
10	How many parties are involved in bank draft.	A. Four B. Three C. Two D. None of these