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

The types of local or home trade are.

Question # 2

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

Question # 3

Three grace days are given to debtors for payment.

Question # 4

A cheque which cannot be cashed at bank's counter

Question # 5

Bank or incomplete bill is called.

Question # 6

Amount of crossed cheque is recieved:

Question # 7

Safest cheque for making payment is:

Question # 8

The person who will receive the amount of bill of exchange is.

Question # 9

Inland sight bill of exchange is usually used in.

Question # 10

Endorsee of cheque is a person

Question # 11

The acceptance of bill with some conditionis called.

Question # 12

Payment of sight bill is made on.

Question # 13

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

Question # 14

Collateral parties in bill of exchange are.

Question # 15

Who did print the cheque in specific form for the first time or firstly:

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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 is called a drawee of cheque
A. Payee
B. Bank
C. Customer
D. Endorsee
2 The person who endorse the bill of exchange in called.
A. Endorser
B. Trustee
C. Enddorser
D. Drawee
3 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
4 Payment of sight bill is made on.
A. Demad
B. Fixed period
C. Expiry
D. Presentation
5 Amount of crossed cheque is recieved:
A. From bank's counter
B. Issueing new cheque
C. From bank's manager
D. None of the above
6 Cheque signed by drawer without filling is called
A. Plain
B. Blank
C. Open
D. Traveller's cheque
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 A cheque which can be cashed by its holder
A. Bearer
B. Order
C. Crossed
D. Plain
9 Drawer and Drawee belongs to two diffrent cities.
A. Inland bill
B.
Short bill
C. Long bill
D. Foreign bill
10 Bill of exchange is written order whihc is always.
A. Unconditional
B. conditional
C. Compulsory
D. None ofthese

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