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

The acceptance of bill with some conditionis called.

Question # 2

Endorsment of a cheque is always:

Question # 3

Cheque is a written order of customer to:

Question # 4

Cheque is a written order drawn on

Question # 5

Main parties in bill of exchang are.

Question # 6

Official empowered by theGovt. attest the negotiable instruments by his seal.

Question # 7

Cheque is a credit instrument which is

Question # 8

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

Question # 9

Cheque is always crossed by

Question # 10

Payment of sight bill is made on.

Question # 11

Bank pays money at its counter for:

Question # 12

Who can endorse the cheque:

Question # 13

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

Question # 14

Term dishonoring of cheque is used when

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 What is written on the leaf of a cheque about customer
A. Name
B. Address
C. Telephone number
D. Account number
2 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
3 Main parties in bill of exchang are.
A. Three
B. Two
C. Four
D. Five
4 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
5 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these
6 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
7 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill
8 Inland sight bill of exchange is usually used in.
A. Domestic trade
B. Inter port trade
C. Foreign trade
D. None of these
9 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
10 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these

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