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

Bank pays money at its counter for:

Question # 2

Crossing which contains the name of a particular bank is called

Question # 3

A cheque which cannot be cashed at bank's counter

Question # 4

On every cheque bank gets

Question # 5

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

Question # 6

In case of negotiable instruments, the rights can:

Question # 7

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

Question # 8

Drawer and drawee belongs to same country.

Question # 9

A cheque which can be cashed by its holder

Question # 10

Payee has no give his identification to bank for receiving the amount of:

Question # 11

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

Question # 12

The person who accepts the bill of exchang is.

Question # 13

Term dishonoring of cheque is used when

Question # 14

Cheque signed by drawer without filling is called

Question # 15

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

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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 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount
2 A cheque which cannot be cashed at bank's counter
A. Bearer
B. Order
C. Crossed
D. None of the above
3 If drawer of cheque is a payee himself then what word is written after the word pay:
A. Order
B. Bearer
C. Self
D. None of the above
4 The person who will receive the amount of bill of exchange is.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
5 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
6 Crossing of cheque is cancelled by
A. Drawer
B. Drawee
C. Holder
D. All of the above
7 Bill of exchange doesn't involved trade dealing.
A. Trade bill
B. Accommodation bill
C. Both a and b
D. None of these
8 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
9 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
10 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

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