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

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

Question # 2

Endorsment of a cheque is always:

Question # 3

Amount of crossed cheque is recieved:

Question # 4

What is written on the leaf of a cheque about customer

Question # 5

The types of local or home trade are.

Question # 6

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

Question # 7

Term dishonoring of cheque is used when

Question # 8

Collateral parties in bill of exchange are.

Question # 9

A cheque which can be cashed by its holder

Question # 10

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

Question # 11

Bank or incomplete bill is called.

Question # 12

Payment of sight bill is made on.

Question # 13

Bank pays money at its counter for:

Question # 14

Safest cheque for making payment is:

Question # 15

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

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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 Crossing which contains the name of a particular bank is called
A. Regular crossing
B. Irregular crossing
C. General crossing
D. Special crossing
2 Endorsment of a cheque is always:
A. Written
B. Oral
C. Written and registered
D. All of the above
3 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
4 Bill of exchange doesn't involved trade dealing.
A. Trade bill
B. Accommodation bill
C. Both a and b
D. None of these
5 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
6 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
7 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
D. None of these
8 Cheque is always crossed by
A. Drawer
B. Drawee
C. Holder
D. All of the above
9 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
10 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount

Test Questions

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