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

In case of negotiable instruments, the rights can:

Question # 2

The bill whihc is payable on its presentation is called.

Question # 3

Honoured cheuqe is a cheque which is

Question # 4

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

Question # 5

Crossing makes the cheque:

Question # 6

On every cheque bank gets

Question # 7

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

Question # 8

Endorsment of a cheque is always:

Question # 9

Person who recieves the amount of cheque from bank is called:

Question # 10

Who can endorse the cheque:

Question # 11

Cheque is a credit instrument which is

Question # 12

Bank or incomplete bill is called.

Question # 13

Who is called a drawee of cheque

Question # 14

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

Question # 15

Bill of exchange doesn't involved trade dealing.

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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 person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
2 Crossing of cheque is cancelled by
A. Drawer
B. Drawee
C. Holder
D. All of the above
3 The person is whose favor thebill is endorsed is.
A. Endorsee
B. Endorser
C. Debtor
D. Acceptor
4 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
5 The acceptance of bill with some conditionis called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
6 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
7 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
8 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
9 Which type of a bill can be discounted form bank.
A. Sight bill
B. Time bill
C. Dishonored bill
D. Unaccepted bill
10 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

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