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

Drawer and drawee belongs to same country.

Question # 2

Bill of exchange is written order whihc is always.

Question # 3

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

Question # 4

The acceptance of bill without some condition is called.

Question # 5

What is written on the leaf of a cheque about customer

Question # 6

Endorsee of cheque is a person

Question # 7

Cheque is always crossed by

Question # 8

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

Question # 9

Cheque is a written order drawn on

Question # 10

Three grace days are given to debtors for payment.

Question # 11

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

Question # 12

Crossing which contains the name of a particular bank is called

Question # 13

The bill whihc is payable on its presentation is called.

Question # 14

Safest cheque for making payment is:

Question # 15

Grace days are given to debtors for payment.

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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 Term dishonoring of cheque is used when
A. Bank refuses to pay
B. Bank stops the payments
C. Bank delay the payments
D. Bank gives cheque to clearing house
2 Three grace days are given to debtors for payment.
A. Bill of exchange
B. Promissory note
C. Bank draft
D. All of these
3 The person who will receive the amount of bill of exchange is.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
4 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
5 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these
6 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
D. None of these
7 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
8 Cheque is a written order drawn on
A. Endorsee
B. Bank
C. Customer
D. All of the above
9 Which type of a bill can be discounted form bank.
A. Sight bill
B. Time bill
C. Dishonored bill
D. Unaccepted bill
10 Safest cheque for making payment is:
A. Crossed cheque
B. Order cheque
C. Bearer cheque
D. All of the above

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