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

On every cheque bank gets

Question # 2

Honoured cheuqe is a cheque which is

Question # 3

Payee has no give his identification to bank for receiving the amount of:

Question # 4

Collateral parties in bill of exchange are.

Question # 5

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

Question # 6

The name of the person is written on cheque as:

Question # 7

Who can endorse the cheque:

Question # 8

Drawer and Drawee belongs to two diffrent cities.

Question # 9

Cheque is a credit instrument which is

Question # 10

Safest cheque for making payment is:

Question # 11

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

Question # 12

Cheque is a written order of customer to:

Question # 13

Main parties in bill of exchang are.

Question # 14

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

Question # 15

Cheque is always crossed by

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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 Which type of a bill can be discounted form bank.
A. Sight bill
B. Time bill
C. Dishonored bill
D. Unaccepted bill
2 In case of negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
3 A cheque which cannot be cashed at bank's counter
A. Bearer
B. Order
C. Crossed
D. None of the above
4 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount
5 The person who will receive the amount of bill of exchange is.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
6 Cheque is a credit instrument which is
A. Negotiable
B. Conditionally negotiable
C. Non negotiable
D. None of the above
7 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
8 Crossing which contains the name of a particular bank is called
A. Regular crossing
B. Irregular crossing
C. General crossing
D. Special crossing
9 The person who accept the of billof excange on behalf of drawee is called.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
10 A cheque which can be cashed by its holder
A. Bearer
B. Order
C. Crossed
D. Plain

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