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9th Chapter

12th Principles of Banking Chapter 9 Test

Here you can prepare 12th Class Principles of Banking Chapter 9 Negotiable instruments (I) Test. Click the button for 100% free full practice test.

12th class Principle of Banking chapter 9 online mcq test with answers for ICom part 2 Principle of Banking Chapter 9 (Negotiable instruments (I))

This online test contains MCQs about following topics:

. Word credit and its definition . Credit insteuments, characteristics and kinds . History of cheque and definition . Parties of cheque and its elements . Characteristics and advantages of cheque . Kinds of cheque . Comparison of bearer, order and cross cheques . Causes of dishonouring cheque . Endorsement of cheque, its elements and types . Crossing of cheque and types . Suggestions to imporve the use of cheques

ICOM Part 2 Banking Ch 9 Test
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12th class Principle of Banking chapter 9 online mcq test with answers for ICom part 2 Principle of Banking Chapter 9 (Negotiable instruments (I))

Sr. # Questions Answers Choice
1 Person who recieves the amount of cheque from bank is called:
  • A. Drawee
  • B. Payee
  • C. Endorsee
  • D. All of the above
2 Crossing of cheque is cancelled by
  • A. Drawer
  • B. Drawee
  • C. Holder
  • D. All of the above
3 Bank or incomplete bill is called.
  • A. Foreign bill
  • B. Local bill
  • C. Short bill
  • D. Dishonored bill
4 The person who draws the bill is called.
  • A. Debtor
  • B. Drawee
  • C. Drawer
  • D. Acceptor
5 The acceptance of bill without some condition is called.
  • A. Dishonor acceptance
  • B. Documentary acceptance
  • C. Qualified acceptance
  • D. General acceptance
6 Inland sight bill of exchange is usually used in.
  • A. Domestic trade
  • B. Inter port trade
  • C. Foreign trade
  • D. None of these
7 Bill of exchange doesn't involved trade dealing.
  • A. Trade bill
  • B. Accommodation bill
  • C. Both a and b
  • D. None of these
8 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
9 The person who accepts the bill of exchang is.
  • A. Debtor
  • B. Drawer
  • C. Payee
  • D. None of these
10 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

Top Scorers of Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test

A

Ayesha Ayaz

Lahore24 - May - 2023

13/15
01 Mins 52 Sec
H

Hassan Maqsood

Lahore25 - May - 2023

11/15
01 Mins 57 Sec
M

Mustafa Naeem

Lahore25 - May - 2023

11/15
04 Mins 16 Sec
H

Hassan Maqsood

Lahore25 - May - 2023

10/15
13 Mins 09 Sec
H

Hassan Maqsood

Lahore25 - May - 2023

9/15
02 Mins 13 Sec
M

Mustafa Naeem

Lahore25 - May - 2023

9/15
02 Mins 48 Sec
M

Mustafa Naeem

Lahore25 - May - 2023

9/15
03 Mins 04 Sec

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