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

Bill of exchange doesn't involved trade dealing.

Question # 2

On every cheque bank gets

Question # 3

Cheque is always crossed by

Question # 4

The acceptance of bill with some conditionis called.

Question # 5

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

Question # 6

Who can endorse the cheque:

Question # 7

Cheque is a written order drawn on

Question # 8

Amount of crossed cheque is recieved:

Question # 9

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

Question # 10

The type of Foreign or international trade are.

Question # 11

The person who draws the bill is called.

Question # 12

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

Question # 13

Person who recieves the amount of cheque from bank is called:

Question # 14

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

Question # 15

Endorsee of cheque is a person

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

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ICom Part II Chapter 0 Important MCQ's

Sr.# Question Answer
1 In case of negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
2 The person in whose favour the rights of recieving the amount of cheque transferred:
A. Endorser
B. Payee
C. Endorsee
D. All of the above
3 Inland sight bill of exchange is usually used in.
A. Domestic trade
B. Inter port trade
C. Foreign trade
D. None of these
4 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
5 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
6 In case of non-negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
7 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
8 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese
9 Cheque is a written order drawn on
A. Endorsee
B. Bank
C. Customer
D. All of the above
10 Main parties in bill of exchang are.
A. Three
B. Two
C. Four
D. Five

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