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

Question # 2

The person who draws the bill is called.

Question # 3

Cheque is a credit instrument which is

Question # 4

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

Question # 5

The bill of exchange who's tenor is less than three month is.

Question # 6

In case of non-negotiable instruments, the rights can:

Question # 7

Which type of a bill can be discounted form bank.

Question # 8

Endorsment of a cheque is always:

Question # 9

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

Question # 10

Crossing of cheque is cancelled by

Question # 11

Drawer and Drawee belongs to two diffrent cities.

Question # 12

The type of Foreign or international trade are.

Question # 13

Cheque is a written order drawn on

Question # 14

A cheque which can be cashed by its holder

Question # 15

Collateral parties in bill of exchange are.

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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 type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
2 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill
3 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
4 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
5 Drawer and drawee belongs to same country.
A. Domestic bill
B. Foregin bill
C. Trade bill
D. Accommodation bill
6 Bill of exchange doesn't involved trade dealing.
A. Trade bill
B. Accommodation bill
C. Both a and b
D. None of these
7 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
8 The bill of exchange who's tenor is less than three month is.
A. Long bill of exchange
B. Foreign bill of exchange
C. Short bill of exchange
D. Sight bill of exchange
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 person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee

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