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

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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12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 9 (Negotiable instruments (I))

Sr. # Questions Answers Choice
1 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
2 Which type of a bill can be discounted form bank.
  • A. Sight bill
  • B. Time bill
  • C. Dishonored bill
  • D. Unaccepted bill
3 Cheque is a written order drawn on
  • A. Endorsee
  • B. Bank
  • C. Customer
  • D. All of the above
4 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
5 Cheque signed by drawer without filling is called
  • A. Plain
  • B. Blank
  • C. Open
  • D. Traveller's cheque
6 Crossing which contains the name of a particular bank is called
  • A. Regular crossing
  • B. Irregular crossing
  • C. General crossing
  • D. Special crossing
7 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
8 Bank or incomplete bill is called.
  • A. Foreign bill
  • B. Local bill
  • C. Short bill
  • D. Dishonored bill
9 A cheque which cannot be cashed at bank's counter
  • A. Bearer
  • B. Order
  • C. Crossed
  • D. None of the above
10 Crossing of cheque is cancelled by
  • A. Drawer
  • B. Drawee
  • C. Holder
  • D. All of the above

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

R

Rabia Sohail

Lahore10 - Jul - 2025

11/15
06 Mins 54 Sec

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