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

Cheque is always crossed by

Question # 2

Crossing of cheque is cancelled by

Question # 3

Three grace days are given to debtors for payment.

Question # 4

The person who endorse the bill of exchange in called.

Question # 5

The bill of exchange who's tenor is more than three month is.

Question # 6

The person who draws the bill is called.

Question # 7

The person is whose favor thebill is endorsed is.

Question # 8

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

Question # 9

The acceptance of bill without some condition is called.

Question # 10

Who is called a drawee of cheque

Question # 11

Cheque is a written order drawn on

Question # 12

Collateral parties in bill of exchange are.

Question # 13

Drawer and Drawee belongs to two diffrent cities.

Question # 14

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

Question # 15

Which type of a bill can be discounted form bank.

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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 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
2 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
3 The person is whose favor thebill is endorsed is.
A. Endorsee
B. Endorser
C. Debtor
D. Acceptor
4 What is written on the leaf of a cheque about customer
A. Name
B. Address
C. Telephone number
D. Account number
5 Cheque is always crossed by
A. Drawer
B. Drawee
C. Holder
D. All of the above
6 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
7 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill
8 A cheque which can be cashed by its holder
A. Bearer
B. Order
C. Crossed
D. Plain
9 Inland sight bill of exchange is usually used in.
A. Domestic trade
B. Inter port trade
C. Foreign trade
D. None of these
10 Endorsment of a cheque is always:
A. Written
B. Oral
C. Written and registered
D. All of the above

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