Question # 1

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

The various kind of bank draft includes.

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Inland draft

Crossed bank draft

Foreign draft

All of these

Drawee of the bank draft is a

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Bank which issues a draft

Bank on which the draft is drawn

Payee of draft

Sender of amount by draft

The main characteristics of bank draft.

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Written

On demand

Certain payment

All of these

Which is appointed by govt. to certify the negotiable instrument:

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Private attorney

Public attorney

Notary public

Giazetted Officer

Treasury bill means:

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Amount of government

Evidence of governments debt

Promise of government to pay

None of the above

Draft drawn and pid in two different parties int he same country is called.

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Foreign draft

Demand draft

Local draft

None of these

Promissory note means a:

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Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

Drawee of bank draft is.

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Creditor

Debtor

Issuing bank

Paying bank

A person who writes the bill is called

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Drawee

Drawer

Payee

Acceptor

Bill in which drawer belonging to two different countries:

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Inland bill

Foreign bill

Accommodation bill

None of the above

Retirement of bill means

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Payment of bill before due date

Dishonoring of bill due to non-payment

Protesting of bill

Dishonoring of bill due to non-acceptance

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

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