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ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test
Start Chapter 9 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test
00:00
Question # 1
Payment of sight bill is made on.
Question # 2
The bill of exchange who's tenor is more than three month is.
Question # 3
Bill of exchange doesn't involved trade dealing.
Question # 4
Cheque signed by drawer without filling is called
Question # 5
The person who will receive the amount of bill of exchange is.
Question # 6
Inland sight bill of exchange is usually used in.
Question # 7
If drawer of cheque is a payee himself then what word is written after the word pay:
Question # 8
A cheque which cannot be cashed at bank's counter
Question # 9
Cheque is a credit instrument which is
Question # 10
Main parties in bill of exchang are.
Question # 11
Honoured cheuqe is a cheque which is
Question # 12
The person who accept the of billof excange on behalf of drawee is called.
Question # 13
The acceptance of bill without some condition is called.
Question # 14
If drawing of a cheque signs o its back for transferring the rights to another person is called
Question # 15
The person is whose favor thebill is endorsed is.
ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test
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H Hassan Abid 22 - Jun - 2022 01 Min 42 Sec 15/15 -
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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | When cheque is cashed then its main foil is given to: |
A. Bank
B. Customer
C. Government
D. None of these
|
| 2 | Safest cheque for making payment is: |
A. Crossed cheque
B. Order cheque
C. Bearer cheque
D. All of the above
|
| 3 | A cheque which can be cashed by its holder |
A. Bearer
B. Order
C. Crossed
D. Plain
|
| 4 | Three grace days are given to debtors for payment. |
A. Bill of exchange
B. Promissory note
C. Bank draft
D. All of these
|
| 5 | Bank or incomplete bill is called. |
A. Foreign bill
B. Local bill
C. Short bill
D. Dishonored bill
|
| 6 | Bill of exchange doesn't involved trade dealing. |
A. Trade bill
B. Accommodation bill
C. Both a and b
D. None of these
|
| 7 | Collateral parties in bill of exchange are. |
A. Acceptor
B. Endorser
C. Endorsee
D. All these
|
| 8 | Bank pays money at its counter for: |
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
|
| 9 | Crossing of cheque is cancelled by |
A. Drawer
B. Drawee
C. Holder
D. All of the above
|
| 10 | Payee has no give his identification to bank for receiving the amount of: |
A. Bearer cheque
B. Order cheque
C. Blank cheque
D. Crossedcheque
|
Test Questions