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

Person who recieves the amount of cheque from bank is called:

Question # 3

A cheque which can be cashed by its holder

Question # 4

Safest cheque for making payment is:

Question # 5

Endorsment of a cheque is always:

Question # 6

Collateral parties in bill of exchange are.

Question # 7

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

Question # 8

Drawer and drawee belongs to same country.

Question # 9

The name of the person is written on cheque as:

Question # 10

Bank pays money at its counter for:

Question # 11

The person who accept the of billof excange on behalf of drawee is called.

Question # 12

On every cheque bank gets

Question # 13

Cheque is always crossed by

Question # 14

Endorsee of cheque is a person

Question # 15

Payment of sight bill is made on.

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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 Amount of crossed cheque is recieved:
A. From bank's counter
B. Issueing new cheque
C. From bank's manager
D. None of the above
2 Inland sight bill of exchange is usually used in.
A. Domestic trade
B. Inter port trade
C. Foreign trade
D. None of these
3 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese
4 Collateral parties in bill of exchange are.
A. Acceptor
B. Endorser
C. Endorsee
D. All these
5 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
6 Drawer and drawee belongs to same country.
A. Domestic bill
B. Foregin bill
C. Trade bill
D. Accommodation bill
7 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
8 Term dishonoring of cheque is used when
A. Bank refuses to pay
B. Bank stops the payments
C. Bank delay the payments
D. Bank gives cheque to clearing house
9 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
10 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill

Test Questions

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