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

Start Chapter 9 Test

MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test"

Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test"

  • Total Questions15

  • Time Allowed20

Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test

00:00
Question # 1

Honoured cheuqe is a cheque which is

Question # 2

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

Question # 3

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

Question # 4

Bill of exchange is written order whihc is always.

Question # 5

Who can endorse the cheque:

Question # 6

Cheque is always crossed by

Question # 7

Cheque is a written order drawn on

Question # 8

The name of the person is written on cheque as:

Question # 9

Who is called a drawee of cheque

Question # 10

The person is whose favor thebill is endorsed is.

Question # 11

On every cheque bank gets

Question # 12

Endorsment of a cheque is always:

Question # 13

Collateral parties in bill of exchange are.

Question # 14

Inland sight bill of exchange is usually used in.

Question # 15

Payment of sight bill is made on.

Prepare Complete Set Wise Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test" MCQs Online With Answers


Topic Test

00:00

ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test" MCQ`s Test

  • H
    HASEEB Ali 02 - Mar - 2024 00 Min 07 Sec 15/15
  • H
    Hassan Abid 22 - Jun - 2022 01 Min 42 Sec 15/15
  • S
    Saad 17 - Jul - 2021 02 Min 01 Sec 15/15
  • M
    Muhammad Rafay 17 - Jul - 2021 02 Min 06 Sec 15/15
  • A
    ADNAN 17 - Jul - 2021 02 Min 39 Sec 15/15
  • K
    KHALIL UR REHAMAN 13 - Aug - 2022 03 Min 01 Sec 15/15
  • A
    Adeel 17 - Jul - 2021 10 Min 50 Sec 15/15
  • A
    ameer 13 - Jul - 2021 10 Min 50 Sec 15/15
  • B
    Baal 16 - Jul - 2021 01 Min 08 Sec 14/15
  • S
    Shehryar iqbal 16 - Jul - 2021 01 Min 50 Sec 14/15
  • K
    KHALIL UR REHAMAN 13 - Aug - 2022 02 Min 14 Sec 14/15
  • A
    Ahmed shujah 16 - Jul - 2021 02 Min 14 Sec 14/15
  • Y
    Yggygygyb 17 - Jul - 2021 02 Min 49 Sec 14/15
  • T
    Teiyr 11 - Nov - 2025 02 Min 54 Sec 14/15
  • U
    Ummayy Kalsoom 17 - Apr - 2022 04 Min 04 Sec 14/15

ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Term dishonoring of cheque is used when
A. Bank refuses to pay
B. Bank stops the payments
C. Bank delay the payments
D. Bank gives cheque to clearing house
2 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
3 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
4 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
5 Which type of a bill can be discounted form bank.
A. Sight bill
B. Time bill
C. Dishonored bill
D. Unaccepted bill
6 On every cheque bank gets
A. Profit
B. Commission
C. Tax
D. Duty
7 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
8 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
9 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
10 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these

Test Questions

Is this page helpful?