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

Payment of sight bill is made on.

Question # 2

Cheque is a credit instrument which is

Question # 3

What is written on the leaf of a cheque about customer

Question # 4

Which type of a bill can be discounted form bank.

Question # 5

Inland sight bill of exchange is usually used in.

Question # 6

The bill whihc is payable on its presentation is called.

Question # 7

Crossing which contains the name of a particular bank is called

Question # 8

The person who draws the bill is called.

Question # 9

Safest cheque for making payment is:

Question # 10

The bill of exchange who's tenor is less than three month is.

Question # 11

The person is whose favor thebill is endorsed is.

Question # 12

A cheque which cannot be cashed at bank's counter

Question # 13

Person who recieves the amount of cheque from bank is called:

Question # 14

Amount of crossed cheque is recieved:

Question # 15

Drawer and Drawee belongs to two diffrent cities.

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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 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
2 The types of local or home trade are.
A. Regail trade
B. Wholescale trade
C. Interport
D. Both a and b
3 Crossing which contains the name of a particular bank is called
A. Regular crossing
B. Irregular crossing
C. General crossing
D. Special crossing
4 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
5 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
6 Who is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
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 The person is whose favor thebill is endorsed is.
A. Endorsee
B. Endorser
C. Debtor
D. Acceptor
9 Crossing makes the cheque:
A. Unsafe
B. Unacceptable
C. Safe
D. Acceptable
10 Collateral parties in bill of exchange are.
A. Acceptor
B. Endorser
C. Endorsee
D. All these

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