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

Who can endorse the cheque:

Question # 2

Cheque is a written order drawn on

Question # 3

Term "or oreder" is written in order cheque after:

Question # 4

The person who accepts the bill of exchang is.

Question # 5

Main parties in bill of exchang are.

Question # 6

Official empowered by theGovt. attest the negotiable instruments by his seal.

Question # 7

Amount of crossed cheque is recieved:

Question # 8

The person who endorse the bill of exchange in called.

Question # 9

In case of non-negotiable instruments, the rights can:

Question # 10

Crossing of cheque is cancelled by

Question # 11

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

Question # 12

What is written on the leaf of a cheque about customer

Question # 13

Cheque is always crossed by

Question # 14

Drawer and drawee belongs to same country.

Question # 15

Bank or incomplete bill is called.

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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 In case of non-negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
2 A cheque which can be cashed by its holder
A. Bearer
B. Order
C. Crossed
D. Plain
3 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
4 Bill of exchange doesn't involved trade dealing.
A. Trade bill
B. Accommodation bill
C. Both a and b
D. None of these
5 In case of negotiable instruments, the rights can:
A. Be tranferred
B. Not be transferred
C. Be conditionally transferred
D. All of the above
6 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
7 The person is whose favor thebill is endorsed is.
A. Endorsee
B. Endorser
C. Debtor
D. Acceptor
8 Which type of a bill can be discounted form bank.
A. Sight bill
B. Time bill
C. Dishonored bill
D. Unaccepted bill
9 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
10 The person in whose favour the rights of recieving the amount of cheque transferred:
A. Endorser
B. Payee
C. Endorsee
D. All of the above

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