| 1 |
Cheque is a credit instrument which is |
- A. Negotiable
- B. Conditionally negotiable
- C. Non negotiable
- D. None of the above
|
| 2 |
The name of the person is written on cheque as: |
- A. Drawer
- B. Drawee
- C. Payee
- D. None of these
|
| 3 |
Cheque is a written order of customer to: |
- A. keep the amount
- B. Transfer the amount
- C. Pay the amount
- D. Recieve the amount
|
| 4 |
Grace days are given to debtors for payment. |
- A. 3 days
- B. 4 days
- C. 5 days
- D. 6 days
|
| 5 |
Safest cheque for making payment is: |
- A. Crossed cheque
- B. Order cheque
- C. Bearer cheque
- D. All of the above
|
| 6 |
Bank pays money at its counter for: |
- A. Bearer cheque
- B. Order cheque
- C. Both (A) & (B)
- D. Crossed cheque
|
| 7 |
Collateral parties in bill of exchange are. |
- A. Acceptor
- B. Endorser
- C. Endorsee
- D. All these
|
| 8 |
Person who recieves the amount of cheque from bank is called: |
- A. Drawee
- B. Payee
- C. Endorsee
- D. All of the above
|
| 9 |
The bill of exchange who's tenor is less than three month is. |
- A. Long bill of exchange
- B. Foreign bill of exchange
- C. Short bill of exchange
- D. Sight bill of exchange
|
| 10 |
The person who accepts the bill of exchang is. |
- A. Debtor
- B. Drawer
- C. Payee
- D. None of these
|
