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

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

Question # 2

Cheque signed by drawer without filling is called

Question # 3

Term dishonoring of cheque is used when

Question # 4

The name of the person is written on cheque as:

Question # 5

Collateral parties in bill of exchange are.

Question # 6

The person who draws the bill is called.

Question # 7

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

Question # 8

Bank pays money at its counter for:

Question # 9

When cheque is cashed then its main foil is given to:

Question # 10

The type of Foreign or international trade are.

Question # 11

Main parties in bill of exchang are.

Question # 12

On every cheque bank gets

Question # 13

Honoured cheuqe is a cheque which is

Question # 14

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

Question # 15

The acceptance of bill without some condition is called.

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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 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
2 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
D. None of these
3 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
4 Cheque is a written order drawn on
A. Endorsee
B. Bank
C. Customer
D. All of the above
5 Collateral parties in bill of exchange are.
A. Acceptor
B. Endorser
C. Endorsee
D. All these
6 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
7 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
8 The person is whose favor thebill is endorsed is.
A. Endorsee
B. Endorser
C. Debtor
D. Acceptor
9 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
10 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days

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