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

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

Start Chapter 9 Test

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

Sr. # Questions Answers Choice
1 The bill of exchange who's tenor is more than three month is.
  • A. Sight bill of exchange
  • B. Foreign bill exchnage
  • C. Long bill exchange
  • D. Short billof exchange
2 The types of local or home trade are.
  • A. Regail trade
  • B. Wholescale trade
  • C. Interport
  • D. Both a and b
3 The person who will receive the amount of bill of exchange is.
  • A. Debtor
  • B. Payee
  • C. Drawee
  • D. Acceptor
4 Crossing of cheque is cancelled by
  • A. Drawer
  • B. Drawee
  • C. Holder
  • D. All of the above
5 What is written on the leaf of a cheque about customer
  • A. Name
  • B. Address
  • C. Telephone number
  • D. Account number
6 The person who endorse the bill of exchange in called.
  • A. Endorser
  • B. Trustee
  • C. Enddorser
  • D. Drawee
7 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
8 Crossing makes the cheque:
  • A. Unsafe
  • B. Unacceptable
  • C. Safe
  • D. Acceptable
9 When cheque is cashed then its main foil is given to:
  • A. Bank
  • B. Customer
  • C. Government
  • D. None of these
10 Safest cheque for making payment is:
  • A. Crossed cheque
  • B. Order cheque
  • C. Bearer cheque
  • D. All of the above

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