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

The acceptance of bill without some condition is called.

Question # 2

Endorsee of cheque is a person

Question # 3

Crossing makes the cheque:

Question # 4

Cheque is a credit instrument which is

Question # 5

Who can endorse the cheque:

Question # 6

Term dishonoring of cheque is used when

Question # 7

The person who accepts the bill of exchang is.

Question # 8

Cheque signed by drawer without filling is called

Question # 9

Three grace days are given to debtors for payment.

Question # 10

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

Question # 11

On every cheque bank gets

Question # 12

The types of local or home trade are.

Question # 13

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

Question # 14

The person who endorse the bill of exchange in called.

Question # 15

Safest cheque for making payment is:

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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 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
2 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
3 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill
4 Cheque is always crossed by
A. Drawer
B. Drawee
C. Holder
D. All of the above
5 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
6 Person who recieves the amount of cheque from bank is called:
A. Drawee
B. Payee
C. Endorsee
D. All of the above
7 Inland sight bill of exchange is usually used in.
A. Domestic trade
B. Inter port trade
C. Foreign trade
D. None of these
8 The acceptance of bill with some conditionis called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
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 Cheque is a credit instrument which is
A. Negotiable
B. Conditionally negotiable
C. Non negotiable
D. None of the above

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