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

Cheque is a written order drawn on

Question # 3

In case of negotiable instruments, the rights can:

Question # 4

A cheque which cannot be cashed at bank's counter

Question # 5

The acceptance of bill without some condition is called.

Question # 6

Who can endorse the cheque:

Question # 7

Crossing of cheque is cancelled by

Question # 8

Cheque is a credit instrument which is

Question # 9

Bank pays money at its counter for:

Question # 10

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

Question # 11

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

Question # 12

In case of non-negotiable instruments, the rights can:

Question # 13

A cheque which can be cashed by its holder

Question # 14

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

Question # 15

Honoured cheuqe is a cheque which is

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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 Crossing makes the cheque:
A. Unsafe
B. Unacceptable
C. Safe
D. Acceptable
2 Main parties in bill of exchang are.
A. Three
B. Two
C. Four
D. Five
3 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
4 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
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 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill
7 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
8 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
9 The bill of exchange who's tenor is more than three month is.
A. Sight bill of exchange
B. Foreign bill exchnage
C. Long bill exchange
D. Short billof exchange
10 Endorsment of a cheque is always:
A. Written
B. Oral
C. Written and registered
D. All of the above

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