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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ICOM 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"

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

00:00
Question # 1

Bill of exchange doesn't involved trade dealing.

Question # 2

Payment of sight bill is made on.

Question # 3

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

Question # 4

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

Question # 5

The types of local or home trade are.

Question # 6

Bank pays money at its counter for:

Question # 7

What is written on the leaf of a cheque about customer

Question # 8

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

Question # 9

Bank or incomplete bill is called.

Question # 10

Inland sight bill of exchange is usually used in.

Question # 11

Who can endorse the cheque:

Question # 12

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

Question # 13

A cheque which can be cashed by its holder

Question # 14

A cheque which cannot be cashed at bank's counter

Question # 15

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

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Principles of Banking
9th Chapter

ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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Sr.# Question Answer
1 The person who accepts the bill of exchang is.
A. Debtor
B. Drawer
C. Payee
D. None of these
2 A cheque which can be cashed by its holder
A. Bearer
B. Order
C. Crossed
D. Plain
3 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
D. None of these
4 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
5 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
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 Endorsment of a cheque is always:
A. Written
B. Oral
C. Written and registered
D. All of the above
8 The bill of exchange who's tenor is more than three month is.
A. Sight bill of exchange
B. Foreign bill exchnage
C. Long bill exchange
D. Short billof exchange
9 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
10 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
11 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
12 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
13 Crossing of cheque is cancelled by
A. Drawer
B. Drawee
C. Holder
D. All of the above
14 Cheque is a written order of customer to:
A. keep the amount
B. Transfer the amount
C. Pay the amount
D. Recieve the amount
15 Cheque is a credit instrument which is
A. Negotiable
B. Conditionally negotiable
C. Non negotiable
D. None of the above

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