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

Endorsee of cheque is a person

Question # 2

On every cheque bank gets

Question # 3

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

Question # 4

The person who draws the bill is called.

Question # 5

Bank or incomplete bill is called.

Question # 6

A cheque which can be cashed by its holder

Question # 7

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

Question # 8

Payment of sight bill is made on.

Question # 9

Crossing of cheque is cancelled by

Question # 10

Who is called a drawee of cheque

Question # 11

Cheque is a credit instrument which is

Question # 12

Crossing which contains the name of a particular bank is called

Question # 13

Main parties in bill of exchang are.

Question # 14

Honoured cheuqe is a cheque which is

Question # 15

A cheque which cannot be cashed at bank's counter

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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 Honoured cheuqe is a cheque which is
A. Accepted by drawee for payment
B. Accepted by payee
C. Accepted by endorsee
D. All of the above
2 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
3 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
4 Cheque is a written order drawn on
A. Endorsee
B. Bank
C. Customer
D. All of the above
5 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
6 The acceptance of bill with some conditionis called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
7 In case of negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
8 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount
9 The person in whose favour the rights of recieving the amount of cheque transferred:
A. Endorser
B. Payee
C. Endorsee
D. All of the above
10 The acceptance of bill without some condition is called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance

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