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

Collateral parties in bill of exchange are.

Question # 2

The name of the person is written on cheque as:

Question # 3

The person who endorse the bill of exchange in called.

Question # 4

Bank or incomplete bill is called.

Question # 5

Cheque is a written order of customer to:

Question # 6

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

Question # 7

Who can endorse the cheque:

Question # 8

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

Question # 9

The person is whose favor thebill is endorsed is.

Question # 10

Cheque is a written order drawn on

Question # 11

Which type of a bill can be discounted form bank.

Question # 12

A cheque which cannot be cashed at bank's counter

Question # 13

Three grace days are given to debtors for payment.

Question # 14

The types of local or home trade are.

Question # 15

Drawer and drawee belongs to same country.

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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 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
2 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
3 Drawer and drawee belongs to same country.
A. Domestic bill
B. Foregin bill
C. Trade bill
D. Accommodation 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 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese
6 Which type of a bill can be discounted form bank.
A. Sight bill
B. Time bill
C. Dishonored bill
D. Unaccepted bill
7 Crossing makes the cheque:
A. Unsafe
B. Unacceptable
C. Safe
D. Acceptable
8 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
9 The person is whose favor thebill is endorsed is.
A. Endorsee
B. Endorser
C. Debtor
D. Acceptor
10 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee

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