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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ICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test

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

Drawer and drawee belongs to same country.

Question # 2

A cheque which cannot be cashed at bank's counter

Question # 3

Amount of crossed cheque is recieved:

Question # 4

The person in whose favour the rights of recieving the amount of cheque transferred:

Question # 5

If drawing of a cheque signs o its back for transferring the rights to another person is called

Question # 6

Term "or oreder" is written in order cheque after:

Question # 7

The acceptance of bill without some condition is called.

Question # 8

The person who accepts the bill of exchang is.

Question # 9

Inland sight bill of exchange is usually used in.

Question # 10

Collateral parties in bill of exchange are.

Question # 11

Term dishonoring of cheque is used when

Question # 12

The person who will receive the amount of bill of exchange is.

Question # 13

Crossing which contains the name of a particular bank is called

Question # 14

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

Question # 15

Who is called a drawee of cheque

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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 name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
2 Safest cheque for making payment is:
A. Crossed cheque
B. Order cheque
C. Bearer cheque
D. All of the above
3 The acceptance of bill without some condition is called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
4 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
5 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
D. None of these
6 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
7 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
8 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
9 The person who accept the of billof excange on behalf of drawee is called.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
10 In case of negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above

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