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

Main parties in bill of exchang are.

Question # 2

Cheque is a written order drawn on

Question # 3

If drawer of cheque is a payee himself then what word is written after the word pay:

Question # 4

A cheque which can be cashed by its holder

Question # 5

Honoured cheuqe is a cheque which is

Question # 6

The person who endorse the bill of exchange in called.

Question # 7

The acceptance of bill with some conditionis called.

Question # 8

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

Question # 9

The acceptance of bill without some condition is called.

Question # 10

The person who draws the bill is called.

Question # 11

Bank pays money at its counter for:

Question # 12

Endorsee of cheque is a person

Question # 13

The person in whose favour the rights of recieving the amount of cheque transferred:

Question # 14

Which type of a bill can be discounted form bank.

Question # 15

Drawer and drawee belongs to same country.

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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 which contains the name of a particular bank is called
A. Regular crossing
B. Irregular crossing
C. General crossing
D. Special crossing
2 Drawer and drawee belongs to same country.
A. Domestic bill
B. Foregin bill
C. Trade bill
D. Accommodation bill
3 Cheque is a credit instrument which is
A. Negotiable
B. Conditionally negotiable
C. Non negotiable
D. None of the above
4 Main parties in bill of exchang are.
A. Three
B. Two
C. Four
D. Five
5 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese
6 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
7 The name of the person is written on cheque as:
A. Drawer
B. Drawee
C. Payee
D. None of these
8 Cheque signed by drawer without filling is called
A. Plain
B. Blank
C. Open
D. Traveller's cheque
9 Payee has no give his identification to bank for receiving the amount of:
A. Bearer cheque
B. Order cheque
C. Blank cheque
D. Crossedcheque
10 The person who accept the of billof excange on behalf of drawee is called.
A. Debtor
B. Payee
C. Drawee
D. Acceptor

Test Questions

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