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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ICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test

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

00:00
Question # 1

Endorsment of a cheque is always:

Question # 2

The types of local or home trade are.

Question # 3

A cheque which can be cashed by its holder

Question # 4

The name of the person is written on cheque as:

Question # 5

Which type of a bill can be discounted form bank.

Question # 6

Payment of sight bill is made on.

Question # 7

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

Question # 8

Cheque is a written order of customer to:

Question # 9

Collateral parties in bill of exchange are.

Question # 10

Inland sight bill of exchange is usually used in.

Question # 11

Crossing of cheque is cancelled by

Question # 12

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

Question # 13

Crossing makes the cheque:

Question # 14

The person who accepts the bill of exchang is.

Question # 15

Three grace days are given to debtors for payment.

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Principles of Banking
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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 person who accept the of billof excange on behalf of drawee is called.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
2 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these
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 Honoured cheuqe is a cheque which is
A. Accepted by drawee for payment
B. Accepted by payee
C. Accepted by endorsee
D. All of the above
5 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
6 Collateral parties in bill of exchange are.
A. Acceptor
B. Endorser
C. Endorsee
D. All these
7 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
8 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount
9 Who did print the cheque in specific form for the first time or firstly:
A. Imperial Bank
B. Bank of England
C. State Bank of Pakistan
D. None of the above
10 On every cheque bank gets
A. Profit
B. Commission
C. Tax
D. Duty

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