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

Cheque is a written order of customer to:

Question # 2

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

Question # 3

Cheque signed by drawer without filling is called

Question # 4

Endorsment of a cheque is always:

Question # 5

The type of Foreign or international trade are.

Question # 6

If drawing of a cheque signs o its back for transferring the rights to another person is called

Question # 7

Inland sight bill of exchange is usually used in.

Question # 8

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

Question # 9

Honoured cheuqe is a cheque which is

Question # 10

Crossing of cheque is cancelled by

Question # 11

Cheque is always crossed by

Question # 12

Bank or incomplete bill is called.

Question # 13

Collateral parties in bill of exchange are.

Question # 14

The name of the person is written on cheque as:

Question # 15

When cheque is cashed then its main foil is given to:

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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 On every cheque bank gets
A. Profit
B. Commission
C. Tax
D. Duty
2 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
3 Term dishonoring of cheque is used when
A. Bank refuses to pay
B. Bank stops the payments
C. Bank delay the payments
D. Bank gives cheque to clearing house
4 A cheque which can be cashed by its holder
A. Bearer
B. Order
C. Crossed
D. Plain
5 Person who recieves the amount of cheque from bank is called:
A. Drawee
B. Payee
C. Endorsee
D. All of the above
6 Endorsment of a cheque is always:
A. Written
B. Oral
C. Written and registered
D. All of the above
7 Endorsee of cheque is a person
A. Who receives the amount of cheque
B. In whose favour the rights of cheque are transferred
C. On whom the cheque is drawn
D. Who draws a cheque
8 A cheque which cannot be cashed at bank's counter
A. Bearer
B. Order
C. Crossed
D. None of the above
9 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
10 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation

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