Question # 1

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

Bill in which drawer belonging to two different countries:

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Inland bill

Foreign bill

Accommodation bill

None 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

Negoitable credit instruemnts includes

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Bank darft

Postal order

I.O.U

Money order

The various kind of bank draft includes.

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Inland draft

Crossed bank draft

Foreign draft

All of these

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

None of these

Bills of exchange has three:

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Owners

Parties

Shareholders

None of the above

Bills of exchange can be cashed from bank before maturity by:

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Overdraft

Renewal

Discounting

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

Bank draft is a credit instrument.

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Negotiable

Non negotiable

Unreadable

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

Treasury bill means:

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Amount of government

Evidence of governments debt

Promise of government to pay

None of the above

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

How many parties are involved in bank draft.

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Four

Three

Two

None of these

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

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Private attorney

Public attorney

Notary public

Giazetted Officer

Bills of exchange is a negotiable instrument which contains

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A written order

Conditional written order

Unconditional written order

None of the above

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

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

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