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

When cheque is cashed then its main foil is given to:

Question # 2

A cheque which cannot be cashed at bank's counter

Question # 3

On every cheque bank gets

Question # 4

Endorsee of cheque is a person

Question # 5

Cheque is a written order of customer to:

Question # 6

Which type of a bill can be discounted form bank.

Question # 7

The name of the person is written on cheque as:

Question # 8

Honoured cheuqe is a cheque which is

Question # 9

Crossing which contains the name of a particular bank is called

Question # 10

The person who accepts the bill of exchang is.

Question # 11

The type of Foreign or international trade are.

Question # 12

Three grace days are given to debtors for payment.

Question # 13

Bill of exchange doesn't involved trade dealing.

Question # 14

The acceptance of bill without some condition is called.

Question # 15

Who is called a drawee of cheque

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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 If drawer of cheque is a payee himself then what word is written after the word pay:
A. Order
B. Bearer
C. Self
D. None of the above
2 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
3 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
4 The acceptance of bill with some conditionis called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
5 Crossing makes the cheque:
A. Unsafe
B. Unacceptable
C. Safe
D. Acceptable
6 What is written on the leaf of a cheque about customer
A. Name
B. Address
C. Telephone number
D. Account number
7 Inland sight bill of exchange is usually used in.
A. Domestic trade
B. Inter port trade
C. Foreign trade
D. None of these
8 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
9 A cheque which cannot be cashed at bank's counter
A. Bearer
B. Order
C. Crossed
D. None of the above
10 Person who recieves the amount of cheque from bank is called:
A. Drawee
B. Payee
C. Endorsee
D. All of the above

Test Questions

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