Question # 1

The main content sof bank draft.

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bank branch

Payee

Date

All of these

Treasury bill means:

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Amount of government

Evidence of governments debt

Promise of government to pay

None of the above

In case of bank draft the drawer is.

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Debtor

Creditor

Bank

Account holder

The draft whihc is drawn and paid intwo different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

The main characteristics of bank draft.

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Written

On demand

Certain payment

All of these

Grace days are given to debtor for the patment of:

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Bills of exchange

Promissory note

Treasury bill

Cheque

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 is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

The signature of the following is compulsory on B/E:

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Bank

Drawee

Drawer

Both (B) & (C)

A person who writes the bill is called

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Drawee

Drawer

Payee

Acceptor

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

Draft Drawn and paid in two differnet countries is called.

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Foreign draft

Demand draft

Local draft

None of these

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

Bank draft is an order

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Of court

Conditional

Unconditional

Of government

Drawee of bank draft is.

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Creditor

Debtor

Issuing bank

Paying bank

Negoitable credit instruemnts includes

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Bank darft

Postal order

I.O.U

Money order

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