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

Crossing makes the cheque:

Question # 2

The person is whose favor thebill is endorsed is.

Question # 3

A cheque which can be cashed by its holder

Question # 4

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

Question # 5

Cheque is a written order drawn on

Question # 6

Three grace days are given to debtors for payment.

Question # 7

The acceptance of bill with some conditionis called.

Question # 8

Which type of a bill can be discounted form bank.

Question # 9

Honoured cheuqe is a cheque which is

Question # 10

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

Question # 11

Inland sight bill of exchange is usually used in.

Question # 12

Crossing which contains the name of a particular bank is called

Question # 13

Drawer and drawee belongs to same country.

Question # 14

Endorsee of cheque is a person

Question # 15

Term "or oreder" is written in order cheque after:

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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 Safest cheque for making payment is:
A. Crossed cheque
B. Order cheque
C. Bearer cheque
D. All of the above
2 Drawer and drawee belongs to same country.
A. Domestic bill
B. Foregin bill
C. Trade bill
D. Accommodation bill
3 Cheque is a credit instrument which is
A. Negotiable
B. Conditionally negotiable
C. Non negotiable
D. None of the above
4 A cheque which cannot be cashed at bank's counter
A. Bearer
B. Order
C. Crossed
D. None of the above
5 Three grace days are given to debtors for payment.
A. Bill of exchange
B. Promissory note
C. Bank draft
D. All of these
6 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these
7 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
8 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
9 Cheque is always crossed by
A. Drawer
B. Drawee
C. Holder
D. All of the above
10 Cheque signed by drawer without filling is called
A. Plain
B. Blank
C. Open
D. Traveller's cheque

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