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

Who is called a drawee of cheque

Question # 3

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

Question # 4

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

Question # 5

Inland sight bill of exchange is usually used in.

Question # 6

Which type of a bill can be discounted form bank.

Question # 7

Cheque is always crossed by

Question # 8

The person who accepts the bill of exchang is.

Question # 9

If drawer of cheque is a payee himself then what word is written after the word pay:

Question # 10

The person who will receive the amount of bill of exchange is.

Question # 11

Person who recieves the amount of cheque from bank is called:

Question # 12

Amount of crossed cheque is recieved:

Question # 13

Bill of exchange is written order whihc is always.

Question # 14

The acceptance of bill with some conditionis called.

Question # 15

What is written on the leaf of a cheque about customer

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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 Payee has no give his identification to bank for receiving the amount of:
A. Bearer cheque
B. Order cheque
C. Blank cheque
D. Crossedcheque
2 Bank or incomplete bill is called.
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
3 Drawer and drawee belongs to same country.
A. Domestic bill
B. Foregin bill
C. Trade bill
D. Accommodation bill
4 On every cheque bank gets
A. Profit
B. Commission
C. Tax
D. Duty
5 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
6 Cheque signed by drawer without filling is called
A. Plain
B. Blank
C. Open
D. Traveller's cheque
7 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
8 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
9 Cheque is a written order drawn on
A. Endorsee
B. Bank
C. Customer
D. All of the above
10 Cheque is always crossed by
A. Drawer
B. Drawee
C. Holder
D. All of the above

Test Questions

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