| 1 |
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
|
| 2 |
The types of local or home trade are. |
- A. Regail trade
- B. Wholescale trade
- C. Interport
- D. Both a and b
|
| 3 |
The person who will receive the amount of bill of exchange is. |
- A. Debtor
- B. Payee
- C. Drawee
- D. Acceptor
|
| 4 |
Crossing of cheque is cancelled by |
- A. Drawer
- B. Drawee
- C. Holder
- D. All of the above
|
| 5 |
What is written on the leaf of a cheque about customer |
- A. Name
- B. Address
- C. Telephone number
- D. Account number
|
| 6 |
The person who endorse the bill of exchange in called. |
- A. Endorser
- B. Trustee
- C. Enddorser
- D. Drawee
|
| 7 |
Term dishonoring of cheque is used when |
- A. Bank refuses to pay
- B. Bank stops the payments
- C. Bank delay the payments
- D. Bank gives cheque to clearing house
|
| 8 |
Crossing makes the cheque: |
- A. Unsafe
- B. Unacceptable
- C. Safe
- D. Acceptable
|
| 9 |
When cheque is cashed then its main foil is given to: |
- A. Bank
- B. Customer
- C. Government
- D. None of these
|
| 10 |
Safest cheque for making payment is: |
- A. Crossed cheque
- B. Order cheque
- C. Bearer cheque
- D. All of the above
|
