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

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

Question # 2

Crossing which contains the name of a particular bank is called

Question # 3

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

Question # 4

Cheque is always crossed by

Question # 5

The acceptance of bill with some conditionis called.

Question # 6

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

Question # 7

When cheque is cashed then its main foil is given to:

Question # 8

A cheque which cannot be cashed at bank's counter

Question # 9

Who can endorse the cheque:

Question # 10

Term dishonoring of cheque is used when

Question # 11

Endorsee of cheque is a person

Question # 12

Crossing makes the cheque:

Question # 13

Amount of crossed cheque is recieved:

Question # 14

Endorsment of a cheque is always:

Question # 15

Cheque is a written order of customer to:

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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 Cheque is a credit instrument which is
A. Negotiable
B. Conditionally negotiable
C. Non negotiable
D. None of the above
2 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
3 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
4 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill
5 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
6 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese
7 Drawer and drawee belongs to same country.
A. Domestic bill
B. Foregin bill
C. Trade bill
D. Accommodation bill
8 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
9 Safest cheque for making payment is:
A. Crossed cheque
B. Order cheque
C. Bearer cheque
D. All of the above
10 Amount of crossed cheque is recieved:
A. From bank's counter
B. Issueing new cheque
C. From bank's manager
D. None of the above

Test Questions

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