12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 9 (Negotiable instruments (I))

ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test

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Question # 1

The person who accepts the bill of exchang is.

Question # 2

Term "or oreder" is written in order cheque after:

Question # 3

Endorsee of cheque is a person

Question # 4

Payee has no give his identification to bank for receiving the amount of:

Question # 5

Who did print the cheque in specific form for the first time or firstly:

Question # 6

Cheque is always crossed by

Question # 7

The bill of exchange who's tenor is more than three month is.

Question # 8

Payment of sight bill is made on.

Question # 9

The name of the person is written on cheque as:

Question # 10

The person who endorse the bill of exchange in called.

Question # 11

The person is whose favor thebill is endorsed is.

Question # 12

Collateral parties in bill of exchange are.

Question # 13

Who can endorse the cheque:

Question # 14

A cheque which cannot be cashed at bank's counter

Question # 15

A cheque which can be cashed by its holder

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ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
D. None of these
2 On every cheque bank gets
A. Profit
B. Commission
C. Tax
D. Duty
3 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
4 Person who recieves the amount of cheque from bank is called:
A. Drawee
B. Payee
C. Endorsee
D. All of the above
5 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
6 The person who accept the of billof excange on behalf of drawee is called.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
7 Cheque is a written order drawn on
A. Endorsee
B. Bank
C. Customer
D. All of the above
8 In case of non-negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
9 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount
10 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill

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