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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 Amount of crossed cheque is recieved:
  • A. From bank's counter
  • B. Issueing new cheque
  • C. From bank's manager
  • D. None of the above
2 Crossing of cheque is cancelled by
  • A. Drawer
  • B. Drawee
  • C. Holder
  • D. All of the above
3 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
4 The person who will receive the amount of bill of exchange is.
  • A. Debtor
  • B. Payee
  • C. Drawee
  • D. Acceptor
5 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
6 Cheque is a written order drawn on
  • A. Endorsee
  • B. Bank
  • C. Customer
  • D. All of the above
7 Crossing makes the cheque:
  • A. Unsafe
  • B. Unacceptable
  • C. Safe
  • D. Acceptable
8 On every cheque bank gets
  • A. Profit
  • B. Commission
  • C. Tax
  • D. Duty
9 Bill of exchange doesn't involved trade dealing.
  • A. Trade bill
  • B. Accommodation bill
  • C. Both a and b
  • D. None of these
10 If drawing of a cheque signs o its back for transferring the rights to another person is called
  • A. Material change
  • B. Endorsement
  • C. Crossing
  • D. Acceptance

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

A

Abdul Waheed

Lahore19 - Mar - 2024

13/15
01 Mins 37 Sec
A

Abdul Waheed

Lahore19 - Mar - 2024

11/15
41 Sec
A

Asad Hafeez

Lahore26 - Feb - 2024

8/15
04 Mins 22 Sec

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