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

Crossing of cheque is cancelled by

Question # 2

Endorsee of cheque is a person

Question # 3

The name of the person is written on cheque as:

Question # 4

Who is called a drawee of cheque

Question # 5

Three grace days are given to debtors for payment.

Question # 6

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

Question # 7

Term dishonoring of cheque is used when

Question # 8

The person who endorse the bill of exchange in called.

Question # 9

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

Question # 10

In case of non-negotiable instruments, the rights can:

Question # 11

Cheque is always crossed by

Question # 12

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

Question # 13

A cheque which can be cashed by its holder

Question # 14

The type of Foreign or international trade are.

Question # 15

Crossing which contains the name of a particular bank is called

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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 The person who accept the of billof excange on behalf of drawee is called.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
2 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
3 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
4 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
5 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these
6 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
7 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
8 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese
9 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
10 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque

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