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

A cheque which can be cashed by its holder

Question # 2

Who is called a drawee of cheque

Question # 3

Collateral parties in bill of exchange are.

Question # 4

What is written on the leaf of a cheque about customer

Question # 5

Payment of sight bill is made on.

Question # 6

The person who endorse the bill of exchange in called.

Question # 7

Endorsee of cheque is a person

Question # 8

Amount of crossed cheque is recieved:

Question # 9

Cheque is a written order drawn on

Question # 10

Safest cheque for making payment is:

Question # 11

In case of non-negotiable instruments, the rights can:

Question # 12

Crossing makes the cheque:

Question # 13

The person who accepts the bill of exchang is.

Question # 14

Bank or incomplete bill is called.

Question # 15

Term dishonoring of cheque is used when

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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 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
2 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
3 A cheque which can be cashed by its holder
A. Bearer
B. Order
C. Crossed
D. Plain
4 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
5 Bill of exchange doesn't involved trade dealing.
A. Trade bill
B. Accommodation bill
C. Both a and b
D. None of these
6 Crossing of cheque is cancelled by
A. Drawer
B. Drawee
C. Holder
D. All of the above
7 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese
8 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these
9 Cheque is a written order drawn on
A. Endorsee
B. Bank
C. Customer
D. All of the above
10 Term "or oreder" is written in order cheque after:
A. Drawer's name
B. Payee's name
C. Customer's name
D. Endorsee's name

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