| 1 |
Person who recieves the amount of cheque from bank is called: |
- A. Drawee
- B. Payee
- C. Endorsee
- D. All of the above
|
| 2 |
Crossing of cheque is cancelled by |
- A. Drawer
- B. Drawee
- C. Holder
- D. All of the above
|
| 3 |
Bank or incomplete bill is called. |
- A. Foreign bill
- B. Local bill
- C. Short bill
- D. Dishonored bill
|
| 4 |
The person who draws the bill is called. |
- A. Debtor
- B. Drawee
- C. Drawer
- D. Acceptor
|
| 5 |
The acceptance of bill without some condition is called. |
- A. Dishonor acceptance
- B. Documentary acceptance
- C. Qualified acceptance
- D. General acceptance
|
| 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 |
Bill of exchange doesn't involved trade dealing. |
- A. Trade bill
- B. Accommodation bill
- C. Both a and b
- D. None of these
|
| 8 |
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
|
| 9 |
The person who accepts the bill of exchang is. |
- A. Debtor
- B. Drawer
- C. Payee
- D. None of these
|
| 10 |
Endorsee of cheque is a person |
- A. Who receives the amount of cheque
- B. In whose favour the rights of cheque are transferred
- C. On whom the cheque is drawn
- D. Who draws a cheque
|
