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	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
2	Collateral parties in bill of exchange are.	A. Acceptor B. Endorser C. Endorsee D. All these
3	Bank or incomplete bill is called.	A. Foreign bill B. Local bill C. Short bill D. Dishonored bill
4	Three grace days are given to debtors for payment.	A. Bill of exchange B. Promissory note C. Bank draft D. All of these
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	Safest cheque for making payment is:	A. Crossed cheque B. Order cheque C. Bearer cheque D. All of the above
7	Payee has no give his identification to bank for receiving the amount of:	A. Bearer cheque B. Order cheque C. Blank cheque D. Crossedcheque
8	The person who accepts the bill of exchang is.	A. Debtor B. Drawer C. Payee D. None of these
9	Cheque is a credit instrument which is	A. Negotiable B. Conditionally negotiable C. Non negotiable D. None of the above
10	On every cheque bank gets	A. Profit B. Commission C. Tax D. Duty