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 acceptance of bill with some conditionis called.

Question # 2

Cheque is a written order of customer to:

Question # 3

The person who accept the of billof excange on behalf of drawee is called.

Question # 4

Inland sight bill of exchange is usually used in.

Question # 5

Endorsment of a cheque is always:

Question # 6

Bill of exchange doesn't involved trade dealing.

Question # 7

On every cheque bank gets

Question # 8

Main parties in bill of exchang are.

Question # 9

The acceptance of bill without some condition is called.

Question # 10

Crossing which contains the name of a particular bank is called

Question # 11

Who is called a drawee of cheque

Question # 12

Cheque is always crossed by

Question # 13

If drawer of cheque is a payee himself then what word is written after the word pay:

Question # 14

The type of Foreign or international trade are.

Question # 15

Which type of a bill can be discounted form bank.

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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 Crossing which contains the name of a particular bank is called
A. Regular crossing
B. Irregular crossing
C. General crossing
D. Special crossing
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 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
4 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
5 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
6 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
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 Collateral parties in bill of exchange are.
A. Acceptor
B. Endorser
C. Endorsee
D. All these
9 A cheque which cannot be cashed at bank's counter
A. Bearer
B. Order
C. Crossed
D. None of the above
10 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these

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