12th class Principle of Banking chapter 9 online mcq test with answers for ICom part 2 Principle of Banking Chapter 9 (Negotiable instruments (I))

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Sr.#	Question	Answer
1	Official empowered by theGovt. attest the negotiable instruments by his seal.	A. Gazette officer B. Notary public C. Public attorney D. None ofthese
2	Payment of sight bill is made on.	A. Demad B. Fixed period C. Expiry D. Presentation
3	Term "or oreder" is written in order cheque after:	A. Drawer's name B. Payee's name C. Customer's name D. Endorsee's name
4	Cheque is always crossed by	A. Drawer B. Drawee C. Holder D. All of the above
5	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
6	Collateral parties in bill of exchange are.	A. Acceptor B. Endorser C. Endorsee D. All these
7	Crossing which contains the name of a particular bank is called	A. Regular crossing B. Irregular crossing C. General crossing D. Special crossing
8	The person who will receive the amount of bill of exchange is.	A. Debtor B. Payee C. Drawee D. Acceptor
9	Drawer and Drawee belongs to two diffrent cities.	A. Inland bill B. Short bill C. Long bill D. Foreign bill
10	The bill whihc is payable on its presentation is called.	A. Sight bill B. Time bill C. Trade bill D. Accommodation bill