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

Term "or oreder" is written in order cheque after:

Question # 2

Main parties in bill of exchang are.

Question # 3

Honoured cheuqe is a cheque which is

Question # 4

Payment of sight bill is made on.

Question # 5

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

Question # 6

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

Question # 7

Term dishonoring of cheque is used when

Question # 8

Inland sight bill of exchange is usually used in.

Question # 9

The acceptance of bill without some condition is called.

Question # 10

Who did print the cheque in specific form for the first time or firstly:

Question # 11

The bill whihc is payable on its presentation is called.

Question # 12

Cheque signed by drawer without filling is called

Question # 13

The types of local or home trade are.

Question # 14

Cheque is a written order of customer to:

Question # 15

Which type of a bill can be discounted form bank.

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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 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
2 Safest cheque for making payment is:
A. Crossed cheque
B. Order cheque
C. Bearer cheque
D. All of the above
3 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
4 In case of negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
5 Three grace days are given to debtors for payment.
A. Bill of exchange
B. Promissory note
C. Bank draft
D. All of these
6 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
7 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
8 Payee has no give his identification to bank for receiving the amount of:
A. Bearer cheque
B. Order cheque
C. Blank cheque
D. Crossedcheque
9 Crossing which contains the name of a particular bank is called
A. Regular crossing
B. Irregular crossing
C. General crossing
D. Special crossing
10 Term "or oreder" is written in order cheque after:
A. Drawer's name
B. Payee's name
C. Customer's name
D. Endorsee's name

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