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 always crossed by

Question # 2

If drawing of a cheque signs o its back for transferring the rights to another person is called

Question # 3

Cheque is a written order drawn on

Question # 4

Endorsment of a cheque is always:

Question # 5

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

Question # 6

Cheque is a written order of customer to:

Question # 7

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

Question # 8

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

Question # 9

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

Question # 10

Crossing makes the cheque:

Question # 11

The types of local or home trade are.

Question # 12

Endorsee of cheque is a person

Question # 13

Safest cheque for making payment is:

Question # 14

Bill of exchange is written order whihc is always.

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 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
2 The acceptance of bill without some condition is called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
3 The bill of exchange who's tenor is less than three month is.
A. Long bill of exchange
B. Foreign bill of exchange
C. Short bill of exchange
D. Sight bill of exchange
4 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
5 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
6 Bill of exchange doesn't involved trade dealing.
A. Trade bill
B. Accommodation bill
C. Both a and b
D. None of these
7 In case of negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
8 The person in whose favour the rights of recieving the amount of cheque transferred:
A. Endorser
B. Payee
C. Endorsee
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 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor

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