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

Cheque is always crossed by

Question # 2

The types of local or home trade are.

Question # 3

The person who draws the bill is called.

Question # 4

Cheque is a written order drawn on

Question # 5

The acceptance of bill with some conditionis called.

Question # 6

Main parties in bill of exchang are.

Question # 7

Collateral parties in bill of exchange are.

Question # 8

Payment of sight bill is made on.

Question # 9

Cheque is a written order of customer to:

Question # 10

Bank or incomplete bill is called.

Question # 11

If drawer of cheque is a payee himself then what word is written after the word pay:

Question # 12

The type of Foreign or international trade are.

Question # 13

When cheque is cashed then its main foil is given to:

Question # 14

Who did print the cheque in specific form for the first time or firstly:

Question # 15

What is written on the leaf of a cheque about customer

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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 bill of exchange who's tenor is more than three month is.
A. Sight bill of exchange
B. Foreign bill exchnage
C. Long bill exchange
D. Short billof exchange
2 The person who will receive the amount of bill of exchange is.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
3 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
4 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
5 The person who accept the of billof excange on behalf of drawee is called.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
6 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
7 Who did print the cheque in specific form for the first time or firstly:
A. Imperial Bank
B. Bank of England
C. State Bank of Pakistan
D. None of the above
8 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount
9 Collateral parties in bill of exchange are.
A. Acceptor
B. Endorser
C. Endorsee
D. All these
10 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

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