| 1 |
In case of negotiable instruments, the rights can: |
- A. Be tranferred
- B. Not be transferred
- C. Be conditionally transferred
- D. All of the above
|
| 2 |
Person who recieves the amount of cheque from bank is called: |
- A. Drawee
- B. Payee
- C. Endorsee
- 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 |
On every cheque bank gets |
- A. Profit
- B. Commission
- C. Tax
- D. Duty
|
| 5 |
When cheque is cashed then its main foil is given to: |
- A. Bank
- B. Customer
- C. Government
- D. None of these
|
| 6 |
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
|
| 7 |
Payee has no give his identification to bank for receiving the amount of: |
- A. Bearer cheque
- B. Order cheque
- C. Blank cheque
- D. Crossedcheque
|
| 8 |
The acceptance of bill without some condition is called. |
- A. Dishonor acceptance
- B. Documentary acceptance
- C. Qualified acceptance
- D. General acceptance
|
| 9 |
Three grace days are given to debtors for payment. |
- A. Bill of exchange
- B. Promissory note
- C. Bank draft
- D. All of these
|
| 10 |
A cheque which cannot be cashed at bank's counter |
- A. Bearer
- B. Order
- C. Crossed
- D. None of the above
|
