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

Collateral parties in bill of exchange are.

Question # 2

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

Question # 3

In case of negotiable instruments, the rights can:

Question # 4

Bill of exchange is written order whihc is always.

Question # 5

The person who draws the bill is called.

Question # 6

The person is whose favor thebill is endorsed is.

Question # 7

Crossing makes the cheque:

Question # 8

Amount of crossed cheque is recieved:

Question # 9

Cheque is a written order of customer to:

Question # 10

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

Question # 11

Bill of exchange doesn't involved trade dealing.

Question # 12

The type of Foreign or international trade are.

Question # 13

Payment of sight bill is made on.

Question # 14

The person who accepts the bill of exchang is.

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 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
2 On every cheque bank gets
A. Profit
B. Commission
C. Tax
D. Duty
3 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
4 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
5 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
6 Endorsee of cheque is a person
A. Who receives the amount of cheque
B. In whose favour the rights of cheque are transferred
C. On whom the cheque is drawn
D. Who draws a cheque
7 Three grace days are given to debtors for payment.
A. Bill of exchange
B. Promissory note
C. Bank draft
D. All of these
8 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
9 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
10 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b

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