Question # 1

The document which is used to transfer the deposit from one bank to another is.

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Bank draft

Promissory note

Biull of exchange

All these

Treasury bill means:

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Amount of government

Evidence of governments debt

Promise of government to pay

None of the above

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

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Private attorney

Public attorney

Notary public

Giazetted Officer

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

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

Bills of exchange is

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An order to pay

A request to pay

A promise to pay

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

Promissory note drawn by two or more persons is called

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Individual promissory note

Joint promissory note

Foreign promissory note

All of the above

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

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

Endorser of promissory note is a :

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Person who promises to pay

Person who receives the amount of note

Person in whose favour the rights are transferred

Person who trasfers the rights of note

Written instrument by one bank to another bank.

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Bill of exchange

Draft

Bearer cheque

None of these

Credit instrument drawn by one bank on another bank is called

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Cheque

Bills of exchange

Bank draft

Treasury bill

The draft which is drawn and paid in two different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

The draft having two transvers parallel lines on its face is called.

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Order bank draft

Crossed bank draft

Transvverse draft

All of these

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