Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test With Answers

Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test

Sr. # Questions Answers Choice
1 Bank draft is always in the form of. Hand written Printed Stamp paper None of these
2 On issuance of bank draft bank gets. Tax Commission Profit Duty
3 Written instrument by one bank to another bank. Bill of exchange Draft Bearer cheque None of these
4 Bank draft is an order Of court Conditional Unconditional Of government
5 Draft Drawn and paid in two differnet countries is called. Foreign draft Demand draft Local draft None of these
6 Negoitable credit instruemnts includes Bank darft Postal order I.O.U Money order
7 How many parties are involved in bank draft. Four Three Two None of these
8 Bank draft is a credit instrument. Negotiable Non negotiable Unreadable None of these
9 The signature of the following is compulsory on B/E: Bank Drawee Drawer Both (B) & (C)
10 Grace days are given to debtor for the patment of: Bills of exchange Promissory note Treasury bill Cheque
11 Bills of exchange has three: Owners Parties Shareholders None of the above
12 Bills of exchange can be cashed from bank before maturity by: Overdraft Renewal Discounting None of the above
13 Treasury bill is a : Negotiable credit instrument Non-negotiable credit instrument Debentures Shares
14 Treasury bill means: Amount of government Evidence of governments debt Promise of government to pay None of the above
15 Endorser of promissory note is a : 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
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