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

Cheque is a credit instrument which is

Question # 2

Cheque signed by drawer without filling is called

Question # 3

Bill of exchange is written order whihc is always.

Question # 4

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

Question # 5

Bank or incomplete bill is called.

Question # 6

A cheque which cannot be cashed at bank's counter

Question # 7

The person who will receive the amount of bill of exchange is.

Question # 8

Safest cheque for making payment is:

Question # 9

The person in whose favour the rights of recieving the amount of cheque transferred:

Question # 10

The person is whose favor thebill is endorsed is.

Question # 11

Bank pays money at its counter for:

Question # 12

Official empowered by theGovt. attest the negotiable instruments by his seal.

Question # 13

The name of the person is written on cheque as:

Question # 14

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

Question # 15

Who is called a drawee of cheque

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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 The person who accept the of billof excange on behalf of drawee is called.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
2 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
3 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
D. None of these
4 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill
5 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
6 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
7 Person who recieves the amount of cheque from bank is called:
A. Drawee
B. Payee
C. Endorsee
D. All of the above
8 The acceptance of bill without some condition is called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
9 Cheque signed by drawer without filling is called
A. Plain
B. Blank
C. Open
D. Traveller's cheque
10 Bill of exchange doesn't involved trade dealing.
A. Trade bill
B. Accommodation bill
C. Both a and b
D. None of these

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