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	Main parties in bill of exchang are.	A. Three B. Two C. Four D. Five
2	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
3	When cheque is cashed then its main foil is given to:	A. Bank B. Customer C. Government D. None of these
4	The bill of exchange who's tenor is less than three month is.	A. Long bill of exchange B. Foreign bill of exchange C. Short bill of exchange D. Sight bill of exchange
5	Drawer and Drawee belongs to two diffrent cities.	A. Inland bill B. Short bill C. Long bill D. Foreign bill
6	Crossing which contains the name of a particular bank is called	A. Regular crossing B. Irregular crossing C. General crossing D. Special crossing
7	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
8	Person who recieves the amount of cheque from bank is called:	A. Drawee B. Payee C. Endorsee D. All of the above
9	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
10	Payee has no give his identification to bank for receiving the amount of:	A. Bearer cheque B. Order cheque C. Blank cheque D. Crossedcheque