| 1 |
The person who accept the of billof excange on behalf of drawee is called. |
- A. Debtor
- B. Payee
- C. Drawee
- D. Acceptor
|
| 2 |
Cheque signed by drawer without filling is called |
- A. Plain
- B. Blank
- C. Open
- D. Traveller's cheque
|
| 3 |
Who is called a drawee of cheque |
- A. Payee
- B. Bank
- C. Customer
- D. Endorsee
|
| 4 |
Person who recieves the amount of cheque from bank is called: |
- A. Drawee
- B. Payee
- C. Endorsee
- D. All of the above
|
| 5 |
The types of local or home trade are. |
- A. Regail trade
- B. Wholescale trade
- C. Interport
- D. Both a and b
|
| 6 |
If drawing of a cheque signs o its back for transferring the rights to another person is called |
- A. Material change
- B. Endorsement
- C. Crossing
- D. Acceptance
|
| 7 |
The acceptance of bill with some conditionis called. |
- A. Dishonor acceptance
- B. Documentary acceptance
- C. Qualified acceptance
- D. General acceptance
|
| 8 |
A cheque which can be cashed by its holder |
- A. Bearer
- B. Order
- C. Crossed
- D. Plain
|
| 9 |
Drawer and drawee belongs to same country. |
- A. Domestic bill
- B. Foregin bill
- C. Trade bill
- D. Accommodation bill
|
| 10 |
Safest cheque for making payment is: |
- A. Crossed cheque
- B. Order cheque
- C. Bearer cheque
- D. All of the above
|
