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

Payment of sight bill is made on.

Question # 2

The person who draws the bill is called.

Question # 3

Cheque is always crossed by

Question # 4

The person who endorse the bill of exchange in called.

Question # 5

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

Question # 6

A cheque which can be cashed by its holder

Question # 7

Term dishonoring of cheque is used when

Question # 8

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

Question # 9

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

Question # 10

Who can endorse the cheque:

Question # 11

What is written on the leaf of a cheque about customer

Question # 12

The types of local or home trade are.

Question # 13

Honoured cheuqe is a cheque which is

Question # 14

The person who accepts the bill of exchang is.

Question # 15

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

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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 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
2 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
3 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese
4 The person is whose favor thebill is endorsed is.
A. Endorsee
B. Endorser
C. Debtor
D. Acceptor
5 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
6 Who did print the cheque in specific form for the first time or firstly:
A. Imperial Bank
B. Bank of England
C. State Bank of Pakistan
D. None of the above
7 Main parties in bill of exchang are.
A. Three
B. Two
C. Four
D. Five
8 Cheque is always crossed by
A. Drawer
B. Drawee
C. Holder
D. All of the above
9 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
10 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these

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