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9th Chapter

12th Principles of Banking Chapter 9 Test

Here you can prepare 12th Class Principles of Banking Chapter 9 Negotiable instruments (I) Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 9 online mcq test with answers for ICom part 2 Principle of Banking Chapter 9 (Negotiable instruments (I))

This online test contains MCQs about following topics:

. Word credit and its definition . Credit insteuments, characteristics and kinds . History of cheque and definition . Parties of cheque and its elements . Characteristics and advantages of cheque . Kinds of cheque . Comparison of bearer, order and cross cheques . Causes of dishonouring cheque . Endorsement of cheque, its elements and types . Crossing of cheque and types . Suggestions to imporve the use of cheques

ICOM Part 2 Banking Ch 9 Test
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12th class Principle of Banking chapter 9 online mcq test with answers for ICom part 2 Principle of Banking Chapter 9 (Negotiable instruments (I))

Sr. # Questions Answers Choice
1 Cheque is a credit instrument which is
  • A. Negotiable
  • B. Conditionally negotiable
  • C. Non negotiable
  • D. None of the above
2 The name of the person is written on cheque as:
  • A. Drawer
  • B. Drawee
  • C. Payee
  • D. None of these
3 Cheque is a written order of customer to:
  • A. keep the amount
  • B. Transfer the amount
  • C. Pay the amount
  • D. Recieve the amount
4 Grace days are given to debtors for payment.
  • A. 3 days
  • B. 4 days
  • C. 5 days
  • D. 6 days
5 Safest cheque for making payment is:
  • A. Crossed cheque
  • B. Order cheque
  • C. Bearer cheque
  • D. All of the above
6 Bank pays money at its counter for:
  • A. Bearer cheque
  • B. Order cheque
  • C. Both (A) & (B)
  • D. Crossed cheque
7 Collateral parties in bill of exchange are.
  • A. Acceptor
  • B. Endorser
  • C. Endorsee
  • D. All these
8 Person who recieves the amount of cheque from bank is called:
  • A. Drawee
  • B. Payee
  • C. Endorsee
  • D. All of the above
9 The bill of exchange who's tenor is less than three month is.
  • A. Long bill of exchange
  • B. Foreign bill of exchange
  • C. Short bill of exchange
  • D. Sight bill of exchange
10 The person who accepts the bill of exchang is.
  • A. Debtor
  • B. Drawer
  • C. Payee
  • D. None of these

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

H

Hassan Abid

Lahore22 - Jun - 2022

15/15
01 Mins 42 Sec
U

Ummayy Kalsoom

Lahore17 - Apr - 2022

14/15
04 Mins 04 Sec
R

Ramla Akhlaq

Lahore18 - Jun - 2022

12/15
01 Mins 57 Sec
M

Mohammad Hussain

Lahore26 - Apr - 2022

11/15
01 Mins 59 Sec
M

Mohammad Hussain

Lahore26 - Apr - 2022

8/15
02 Mins 08 Sec

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