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 a credit instrument which is

Question # 2

Cheque is a written order of customer to:

Question # 3

The type of Foreign or international trade are.

Question # 4

The person who will receive the amount of bill of exchange is.

Question # 5

Bank or incomplete bill is called.

Question # 6

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

Question # 7

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

Question # 8

Main parties in bill of exchang are.

Question # 9

Cheque is a written order drawn on

Question # 10

The types of local or home trade are.

Question # 11

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

Question # 12

The person who draws the bill is called.

Question # 13

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

Question # 14

In case of negotiable instruments, the rights can:

Question # 15

Bank pays money at its counter for:

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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 Drawer and drawee belongs to same country.
A. Domestic bill
B. Foregin bill
C. Trade bill
D. Accommodation bill
2 The acceptance of bill with some conditionis called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
3 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these
4 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
5 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
6 Inland sight bill of exchange is usually used in.
A. Domestic trade
B. Inter port trade
C. Foreign trade
D. None of these
7 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
8 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
9 Main parties in bill of exchang are.
A. Three
B. Two
C. Four
D. Five
10 Crossing of cheque is cancelled by
A. Drawer
B. Drawee
C. Holder
D. All of the above

Test Questions

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