| 1 |
The draft which is drawn and paid in two different countries. |
- A. Inland draft
- B. Ordered draft
- C. Foreign draft
- D. Home draft
|
| 2 |
Bank draft is a credit instrument. |
- A. Negotiable
- B. Non negotiable
- C. Unreadable
- D. None of these
|
| 3 |
Which is appointed by govt. to certify the negotiable instrument: |
- A. Private attorney
- B. Public attorney
- C. Notary public
- D. Giazetted Officer
|
| 4 |
Bills of exchange has three: |
- A. Owners
- B. Parties
- C. Shareholders
- D. None of the above
|
| 5 |
The draft whihc is drawn and paid intwo different countries. |
- A. Inland draft
- B. Ordered draft
- C. Foreign draft
- D. Home draft
|
| 6 |
An unconditional order of payment by one bank to another bank. |
- A. Bill of exchage
- B. Promissory note
- C. Draft
- D. None of these
|
| 7 |
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
|
| 8 |
Written instrument by one bank to another bank. |
- A. Bill of exchange
- B. Draft
- C. Bearer cheque
- D. None of these
|
| 9 |
The main characteristics of bank draft. |
- A. Written
- B. On demand
- C. Certain payment
- D. All of these
|
| 10 |
On issuance of bank draft bank gets. |
- A. Tax
- B. Commission
- C. Profit
- D. Duty
|
